The principal objectives of the PPV&FR Act are follows:
To establish an effective system for the protection of plant varieties, the rights of Farmers & Breeders and to encourage the development of new varieties of plants;
To recognize and protect the rights of Farmers in respect of their contributions made at any time in conserving, improving and making available plant genetic resources for the development of new plant varieties;
To accelerate agricultural development in the country and to protect Breeders’ rights;
To stimulate investment for research & development both in public and private sector for the development of new plant varieties;
Facilitate the growth of seed industry in the country which will ensure the availability of high quality seeds and planting material to the Farmers;
To recognize the contribution of both Breeders & Farmers in plant breeding activity;
To implement TRIPs in a way that supports the specific socio-economic interests of all the stakeholders including private, public sectors and research institutions, as well as resource-constrained Farmers.