Extreme climates and the unpredictability of the weather are significant obstacles to agricultural productivity. This study is the first attempt to explore the capacity of nanobonechar (NBC) for promoting climate-smart agriculture. A pot experiment was performed on maize (Zea mays L.) under a deficit irrigation system (40, 70, and 100% irrigation rates) using different soil application rates of the NBC (0, 0.5, 1, and 2% wt/wt). Additionally, the CO2-C efflux rate and cumulative CO2-C were measured in an incubation experiment. The results indicated the best performance of the 1% NBC treatment under a 70% irrigation rate in terms of the fresh and dry weights of maize plants. Total PO43- and Ca2+ were significantly higher in the plants grown in the NBC-amended soil as compared to the control, showing a gradual increase with an increase in the NBC application rate. The improved productivity of maize plants under a deficit irrigation system was associated with enhanced water-holding capacity, organic matter, and bioavailability of cations (Ca2+, K+, and Na+) and anions (PO43- and NO3-) in the soils amended with NBC. The CO2-C efflux rate and cumulative CO2-C emissions remain higher in the NBC-amended soil than in the un-amended soil, pertaining to the high contents of soil organic matter emanating from the NBC. We conclude that NBC could potentially be used as a soil amendment for promoting maize growth under a water stress condition.