Abstract.A number of analytical, numerical and experimental techniques are available for reduction of stress concentration factor around discontinuities. Determination of stress concentration factor around different discontinuities in a rectangular plate made up of different materials under different loading conditions has been reported in literature. Mitigation of stress concentration factor although, an area with very earlier findings however, is lesser reported in the literature. An attempt has been made in the present work to present an overview of various techniques developed for analysis and mitigation of stress concentration factor. The methods compared are tabulated with their findings. No single method can be suggested for each and every condition to the reduction of stress concentration; still the present comparative study will help in deciding the stress mitigation method for a particular case. Singularities of circular hole in rectangular plate and elliptical hole in rectangular plate are considered in present study. Separate nomenclature has not been given and the terms are defined as and where used. References are used as per their occurrence and not in a particular order.