• 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