← Back to Table of Contents – The Biological Diversity Act, 2002
32. Constitution of State Biodiversity Fund
(1) There shall be constituted a Fund to be called the State Biodiversity Fund and there shall be credited thereto—
(a) any grants and loans made to the State Biodiversity Board under section 31;
(b) any grants or loans made by the National Biodiversity Authority;
(c) all sums including charges and benefit sharing amount received by the State Biodiversity Board and from such other sources as may be decided by the State Government.
(2) The State Biodiversity Fund shall be utilised for—
(a) the management and conservation of heritage sites;
(aa) channelling benefits to the benefit claimers;
(b) compensating or rehabilitating any section of the people economically affected by notification under sub-section (1) of section 37;
(c) conservation, promotion and sustainable use of biological resources;
(d) socio-economic development of areas from where such biological resources or traditional knowledge associated thereto have been accessed in consultation with the Biodiversity Management Committee or local body concerned:
Provided that when it is not possible to identify the area from where the biological resources or associated knowledge have been accessed, the fund shall be utilised for socio-economic development of the area where such biological resources occur;
(e) making grants or loans to the Biodiversity Management Committees;
(f) the activities to meet the purposes of the Act.
Note: Clause (c) of sub-section (1), and clauses (aa), (c), (d), (e) and (f) of sub-section (2), were substituted or inserted by the Biological Diversity (Amendment) Act, 2023 (10 of 2023), with effect from 1 April 2024.
