• To promote excellence in management education there by promoting quality control of managers, institutes products and services through benchmarking.
• To establish the colleges, schools, Institutes in various parts of the country.
• To provide facilities for the study and research in the field of Management/Behavioural Education, Training and consultancy.
• To foster and encourage members and other persons to undertake voluntary work(social work, community work) for the purpose of furthering the objectives of the institute.
• To formulate standards of conduct of members and to encourage the appropriate professional attached for qualified individual members.
• To exchange information with other bodies nationally and internationally.
• To provide commercial Counseling (school, colleges, university etc.) and commercial intelligence Services.
• To organise exhibitions, seminars, study groups and conferences.
• To make efforts for the social and educational development of women, children, destitutes, elderly, weaker section of society and backwards in the rural areas through out the country.
• To develop scientific manpower in the areas of Rural management, Environment, Forest, Finance, Marketing, Human Resource, Productions, Quality Control, Health, Hospital, Social sector etc. and develop appropriate strategies and Policies to be adopted for the country there by recommending Govt. of India for its implementation.