- To provide overall guidance in the formulation and implementation of Five Year Plans and Annual Plans
- To suggest policies for optimum utilization of natural and human resources
- To advise on evolving appropriate policies and programmes towards reduction of regional imbalances in the State
- To suggest measures to improve the investment climate in the State economy in tune with the Economic Reforms Programme
- To advise on investment levels required under plan and resources mobilisation for the same
- To suggest appropriate strategies and priorities in the State Plan within the frame work of the National Plan
- To review the implementation of Plan Programmes/ Projects and to recommend suitable measures for effective implementation
- To recommend measures to improve decentralised planning and implementation particularly at District and Taluk levels and
to integrate these plans with State Sector Plans
- To make recommendations on matters which may be referred to it by the Government from time to time
- To sponsor research studies and seminars required for the work of State Planning Board at Universities or other Research
Institutions outside Government