Sixty genotypes of Maranta arundinacea L. were raised in randomized block design (RBD) in order to study the correlation of growth and yield characters existing in the species. The present study was carried out in the experimental plot of Genetics and Plant Breeding Division, Department of Botany, University of Calicut, Kerala, India during 2012-2015. Association analysis studies indicated that growth characters of Maranta arundinacea have certain inherent inter relationships with the yield attributing characters. It is further noted that plant height is the most important character showing significant positive correlation with maximum number of characters in both growth and yield characters studied. The study also revealed that plant height, number of leaves per tiller, number of rhizome and diameter of rhizome are positively correlated with yield. Hence the study provides a tool to select high yielding accessions based on the vegetative characters in Maranta arundinacea.