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Q.8 (i) – Benefit Sharing under the Plant Varieties and Farmers’ Rights Act, 2001 (Detailed Analysis for LLB Exams) I. Meaning of Benefit Sharing Benefit Sharing is a system under the Plant Varieties and Farmers’ Rights Act, 2001 (PVFR Act) where benefits earned by companies or breeders from a registered plant variety must be shared with farmers, communities or institutions who have contributed to the evolution, preservation, or development of that variety. Legal Basis: Sections 26, 41 & 45 of the PVFR Act, 2001 It ensures that farmers are not exploited and their traditional knowledge is recognized. II. Why Benefit Sharing is Important Farmers often preserve seeds for decades. Breeders use these seeds to develop new commercial varieties. When breeders make profit, farmers deserve compensation. Protects traditional agricultural knowledge. Prevents bio-piracy. Example: If a seed company develops a new wheat variety using seeds traditionally maintained by Punj...