Numerous development projects are implemented in developing countries to attain economic and ecological development. However, in most cases, the encouraging results observed during the implementation phase terminated with the project period, raising concerns on these projects'' sustainability after the project period has ended. This book focuses on this sustainability issue of the ecodevelopment project in India. Econometric analysis of the data justified a new approach for sustainable management of commons. This book presents a study that is first of its kind. In this study, the impact of institutions on both the economic development of villagers and the ecological development of forests that have to be preserved to maintain biodiversity has been analyzed in the presence of microfinance tools. Moreover, this book uniquely combines the analysis of institutions, economic development, microfinance and forests preservation towards better management of commons along with poverty alleviation. This book will be useful to forest planners, policymakers, governments, donors and scientists who are interested in institutional, environmental and economic sustainability.