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National Biodiversity Act 2002
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About — National Biodiversity Act 2002
The National Biodiversity Act, 2002 is an Indian legislation that establishes a framework for the conservation, sustainable use and equitable sharing of the country's biological resources. It created the National Biodiversity Authority to regulate access to genetic material and benefit‑sharing agreements. For example, the Act enabled the licensing of neem oil extraction from native trees, generating royalties for local communities.