On April 17, 2023, the National Biodiversity Authority (NBA) in India approved a series of measures to enhance the implementation of the Biological Diversity Act, 2002. These measures include streamlined procedures for the utilization of Access and Benefit Sharing (ABS) funds, which are generated when biological resources, such as plants and microorganisms, are commercially utilized. The funds will be allocated with a standard sharing formula, directing 30% to institutions or repositories and 70% to the NBA. This allocation will support biodiversity conservation initiatives at the state and union territory levels. Additionally, the NBA has revised guidelines for repositories to ensure robust documentation practices and proper management of biological specimens. These steps are designed to facilitate socio-economic development in areas where biological resources are sourced, ultimately enhancing the conservation and sustainable use of biodiversity in India.