A State Development Bank is a financial institution established by a government to promote economic development in a specific region or sector. These banks typically provide loans, grants, and financial services to support infrastructure projects, small businesses, and other initiatives that contribute to economic growth. Their primary goal is to stimulate investment and create jobs, especially in underserved areas. Unlike commercial banks, which focus on profit, State Development Banks prioritize social and economic objectives. They often collaborate with local governments and organizations to identify funding needs and ensure that resources are allocated effectively to foster sustainable development.