The concept of Payments for Ecosystems Services is a relatively new paradigm being explored world over in various conservation efforts ranging from wildlife conservation to habitat improvement, watershed restoration and the conservation of marine resources. Given the present context where such processes are not part of the formal government regulatory process and given the continued decline in ecosystem services, the concept of payments for  conservation is worth exploring as one of the means of preventing further decline. Currently there are very few studies or initiatives in India that makes use of such economic models in conservation and there is growing interest among government, non-governmental organisation and donor agencies in exploring the possibility of incorporating similar strategy into current conservation. This led the organising of a workshop seeking to identify possible pilot projects for PES.