Dioscorea a well-known source of Diosgenin-steroid raw material, is one of the oldest tuber crop cultivated or harvested from wild in the tropical region throughout the world and make up one of the chief food items for a number of tribal groups. In India there are about 50 species of dioscorea, mainly found in North-East region which is rich in tropical root and tuber crops. Dioscorea produces rhizomes or bulbils, which are having rich medicinal and economic value. The rhizomes are used for the treatment of different diseases like cardiovascular system disorders, central nervous system disorders, disease of bones and joint metabolic disorder, disgestive disorders, sore throat for struma, diarrhea, irritability, abdominal pain, dysfunctional changes in the female reproductive system, skin diseases, oncology and immune deficiency and autoimmune diseases, anti-diabetes, neuroprotectiveused, decrease oxidative stress and many more disordered conditions. Diosgenin is a precursor for the chemical synthesis of drug like steroids and has a great importance for pharmaceutical industry. Dioscorea contains various bioactive chemical substances like diosgenin, corticosterone, and sigmasterol, which are of great market value. The current study is to appraise the medicinal properties, phytochemicals, and pharmacological activities of Dioscorea.