Cooperative model in micro-lending is proving to be very successful as the co-operative institutions utilize the local economic resources and are very instrumental in mobilizing micro-savings and micro-lending. This paper discusses the various models of microfinance lending in general and the...

Cooperatives as organizational arrangements of collective economic activity can break up interlocked capital, labour and output markets in rural areas and alleviate poverty. The recent parallel law on cooperatives provides and opportunity to take a fresh look at this issue. There is no coherent...