There are several ways of achieving increasing the perceived and actual value of forests.Governments can impose realistic prices on stumpage and forest rent and can invest in improving the sustainable productivity of the forest. National and international beneficiaries of the environmental services of forests have to pay for such services (Chomitz et al., 2007). There has been some success in devising schemes to collect payments for environmental services like carbon sequestration, biodiversity conservation, catchment protection and ecotourism. This success can further be more realized by integrating participatory mode of management with these collection schemes to ensure rights and tenure with equity in resource and benefit sharing for improving the livelihood of the rural poors who actually are the primary stakeholders of conservation and management.