An experiment was carried out to know the nature and magnitude of association among various yield and drought related traits using thirty one mungbean genotypes. Estimates of correlations revealed that seed yield had positive and significant correlation with number of pods per plant, number of clusters per plant, number of seeds per pod, days to 50% flowering, days to maturity, plant height and SLA. Whereas, seed yield showed non-significant but positive association with SCMR, RI and CSI. From the present study it is evident that improvement in seed yield and drought tolerance in green gram could be brought through selection of component characters like number of pods per plant, number of clusters per plant, number of seeds per pod, days to 50% flowering, days to maturity, plant height, SLA, SCMR, RI and CSI.