A field experiment was conducted on sandy loam soil at Jodhpur during rabi season of 2006-2007 and 2007-2008 to study the effect of biofertilization, nitrogen and phosphorous on productivity of mothbean. Rhizobium, Phosphotica and dual inoculation of Rhizobium + Phosphotica significantly enhanced the growth parameters viz., plant hight, branch/plant, nodules/plant and grain and straw yields of mothbean. Maximum grain yield, seed/pod, growth parameter and nodules/plant were recorded in Rhizobium + Phosphotica combined with N @ 10 kg/ha + P@ 20kg/ha followed by Rhizobium+Phosphotica + N15 + P30. Straw yield, pods/plant, 1000-seed weight and seed weight/plant were significantly high in T7 followed by T6. Harvest index followed the order of Rhizobium+ Phosphorica (49.7) and Phosphotica (49.6) and it decreased with increasing N and P doses. Net return of mothbean was maximum in Rhizobium+ Phosphotica combined with N@ 10 kg/ha + P@20kg/ha (Rs 17328/ha) followed by Rhizobium + Phosphotica + N15 + P30 (Rs 16,467/ha). However, returns per rupee invested were more in T6 (Rs 295) followed by T7 (Rs 2.9) and Rhizobium+ Phospholica (Rs 2.9).