Full formGovernment & Exams
NBFstands forNational Biodiversity Fund
Full Form of NBF
What is NBF?
The National Biodiversity Fund (NBF) is a dedicated financial mechanism established under Section 27 of India's Biological Diversity Act, 2002. It is administered by the National Biodiversity Authority (NBA) to support the conservation and sustainable use of biological resources, as well as the fair and equitable sharing of benefits arising from their utilization. The fund receives contributions from the central government, fees collected from foreign and domestic applicants seeking access to biological resources, and grants or donations. It is primarily used to implement biodiversity management plans, promote research, create awareness programs, and compensate local communities for their traditional knowledge. The NBF operates at the national level, while states maintain similar State Biodiversity Funds. This fund is crucial for India's compliance with the Convention on Biological Diversity (CBD) and the Nagoya Protocol. For competitive exams like UPSC, state civil services, and environmental science papers, the NBF is a key topic under Indian biodiversity governance, often appearing in questions about legal frameworks and conservation finance.
NBF का फुल फॉर्म
राष्ट्रीय जैव विविधता कोष
Example
The National Biodiversity Fund disbursed grants to several Biodiversity Management Committees for preparing People's Biodiversity Registers in ecologically sensitive districts.
NBF — frequently asked questions
What is the full form of NBF?
The full form of NBF is National Biodiversity Fund, a statutory fund created under India's Biological Diversity Act, 2002.
Who manages the National Biodiversity Fund?
The National Biodiversity Fund is managed by the National Biodiversity Authority (NBA), which allocates resources for biodiversity conservation and benefit-sharing activities.
How is the NBF relevant for UPSC preparation?
The NBF is an important topic for UPSC environment and ecology sections, especially questions related to biodiversity laws, access and benefit sharing, and conservation finance mechanisms in India.