National Mission on BioEconomy

  • Launched in Shillong, Meghalaya
  • Launched by Institute of Bio-resources and Sustainable Development (IBSD)
Key Facts:
  • The purpose of the mission is to boost rural economy by utilizing bio-resources. Besides, it can create a large number of jobs at village level.
  • It also focuses on sustainable utilization of renewable biological resources for food, bio-energy and bio-based products through knowledge-based approaches.
  • It has potential to generate new solutions for the planet’s major challenges in the field of energy, food, health, water, climate change and deliver social, economic and environmental benefits.
  • Bioeconomy is a new concept and few countries like US, Canada, European Union (EU) and Australia have started initiatives in this field.
  • India is the fast-growing bioeconomy at US 35 billion dollars in 2015, which can even rise to USD 100 billion in future

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