The National Biodiversity Authority (NBA) has released funds from Access and Benefit Sharing (ABS) proceeds from M/s. Pioneer Overseas Corporation.
Pioneer Overseas Corporation developed ten commercial mustard (Brassica juncea) hybrid varieties using India's biological resources.
The ABS share is calculated based on the area under mustard cultivation in each State.
The mechanism is also aligned with the principle of fair and equitable benefit sharing under the Nagoya Protocol and Target 13 of the Kunming-Montreal Global Biodiversity Framework.
Rajasthan accounts for nearly 42 per cent of India's mustard cultivation.
It is receiving the highest benefit.
It is followed by Uttar Pradesh and Madhya Pradesh.