• Dr. AJIT KUMAR BARAL
• Mr. Balaram Marndi

The tribal economy of Odisha functions through traditional practices which operate within informal financial systems and show limited access to modern banking services. Formal banking institutions serve as essential connectors that unite traditional economic activities with contemporary financial operation infrastructure. This paper examines how formal banking institutions contribute to economic development within tribal communities across Odisha. Sustainable livelihoods along with entrepreneurship development and tribal population poverty alleviation is explored through credit services and savings channels and financial inclusion initiatives. The evaluation assesses various tribal community empowerment strategies through gubernamental policy reviews combined with microfinance and digital banking advancement approaches. The research analysis combines both quantitative and qualitative information to identify obstacles preventing successful banking penetration such as poor financial knowledge and physical isolation challenges. The paper ends with concrete policy advice that strives to boost formal banking involvement leading to more inclusive economic development as well as social advancement among Odisha’s tribal areas.

Tribal Economy, Formal Banking Institutions, Financial Inclusion, Odisha

"Role of formal banking institutions on the development of tribal economy of Odisha.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.13, Issue 2, page no.d41-d55, February-2026, Available :http://www.jetir.org/papers/JETIR2602305.pdf

"Role of formal banking institutions on the development of tribal economy of Odisha.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.13, Issue 2, page no. ppd41-d55, February-2026, Available at : http://www.jetir.org/papers/JETIR2602305.pdf