In rubber (Hevea brasiliensis), seedling plants are raised either in the ground nursery or in polythene bags for producing good quality stock plants for bud grafting. Field experiment in rubber seedling nursery was conducted during 2009-2010 and 2010-11 planting season to study the possibility of reducing the dose of nitrogen and phosphorus fertilizers by incorporating bio-inoculants. The treatments were (T1) control, (T2) standard practice (SP), (T3) standard practice (SP) + bio-inoculants (BI), (T4) 50 per cent N and P and recommended dose of K and Mg + bioinoculants (BI) and (T5) bio-inoculants (BI) alone. The consortia of bio-inoculants were one isolate of N fixing bacteria (Azotobacter sp), two strains of P solubilizing bacteria (Bacillus spp) and two strains of plant growth promoting rhizobacteria (Pseudomonas spp) isolated from the rubber growing soils and multiplied at RRII and arbuscular mycorrhizal fungi (AMF) from The Energy and Resources Institute (TERI), New Delhi. Growth of the plants in T5, viz., BI alone was on par with reduced dose of N and P with BI (T4) or full dose of chemical fertilizers (T2) indicating the possibility of reducing the dose of N and P fertilizers. Pseudomonas population was significantly different among the treatments and was higher in all treatments with B1 viz., T3, T4 and T5. AMF in the root indicated 70 to 80 per cent infection in all the plants irrespective of the treatments. The results need to be reconfirmed through on-farm trials in different locations with varying soil fertility status.