Economy as a Social Institution in the Tribal Society: A Scale to Measure the Perceived Role Performance of Economic Institutions

Abstract

Economic institutions play a pivotal role in achieving sustainable development goals (SDGs) among tribal communities. Despite improved access to economic institutions and their services through government and private interventions, a majority of tribals in India continue to face extreme poverty. This study focuses on developing and validating a scale to measure the perceived role performance of economic institutions in tribal societies. Employing Likert’s summated rating scale construction technique, a scale comprising 10 statements related to economic institutions’ roles has been developed. Standardisation through reliability and validity measures, as well as confirmatory factor analysis (CFA), confirms the robustness of the scale. Administered to 270 tribal respondents in Salem, Tiruvannamalai and Viluppuram Districts of Tamil Nadu, our findings unveil diverse roles and challenges faced by economic institutions in tribal societies. The study reveals a nuanced perception among tribal respondents, with a majority indicating a medium to high level of perception. However, a notable proportion demonstrates a low perception level, highlighting areas of concern. The study underscores the importance of targeted strategies to boost financial inclusion and empower tribal communities. It also provides policy recommendations for addressing challenges and fostering sustainable development within tribal societies.