In a market-oriented economy, the terms of contract are frequently weighted in favor of persons of large means. Those who have the command of scarce resources are left free to drive a bargain with those who need such resources, but are ill-equipped to compete for their possession. Cooperatives are institutional agencies that assist in the achievement of social cohesion. Basically, the purpose is to evolve a system of cooperative community organization which touches upon all aspects of life. Cooperatives in India developed as a means of ensuring, for poorly-equipped citizens, advantages which better placed persons were able to command by their own individual resources. The principle of mutual aid - which is the basis of cooperative organization - and the practice of thrift and self-help which sustains it, generate a sturdy feeling of self-reliance which is of basic importance in a democratic way of life. By pooling their experience and knowledge and by helping one another, members of cooperative societies cannot only find the solutions of individual problems, but also become better citizens. This book explains the functioning of cooperative banks in India and select other countries - including the Grameen Bank of Bangladesh - to understand their role in the globalized world.