Abstract: Phenotypic and genotypic variance, coefficient of variance, heritability, genetic advances, correlation coefficient and path coefficient analysis were conducted for yield and yield components in 82 genotypes of mungbean. High heritability estimates coupled with high genetic advance were observed for seed yield/plant, 100 grain weight, plant height, seed/pod and days to flowering. Yield was positive and significantly correlated with pod/plant, seed/pod and 100 grain weight. Pod/plant, seed/pod and 100 grain weight contributed maximum positive and direct effect on yield indicating these two traits should be given emphasis while selecting high yielding mungbean cultivar for rainfed conditions.