Drought is considered as one of the major abiotic stresses affecting rice production under rainfed ecologies of Bangladesh hampering the country's self-sufficiency in rice production through reduced crop yield and quality. In the present study, we studied the effect of two species of plant growth promoting Trichoderma v iz; Trichoderma asperelloides and Trichoderma brevicompactum on rice plant development under drought stress and their role in inducing tolerance to drought at physiological and biochemical level. Results reveal that both species are capable of inducing plant tolerance to drought stress when tested on drought tolerant (BRRI dhan56) and drought susceptible (IR64) varieties. As the number of drought stress days increased, there was an increase in root length of both the varieties but increase in root length was more in BRRI dhan56 as compared to IR 64 when seeds of both varieties were primed with Trichoderma. There was significant change in proline, malondialdehyde (MDA), total Phenolic content (TFC), H2O2 content in Trichoderma treated versus non-treated plants for both varieties. These biochemical changes were verified with the expression of aquaporin (AQU), dehydrin (DHN) and DREB genes in both rice varieties treated with both Trichoderma species. Interaction studies of Trichoderma species with two rice genotypes suggested that AQU-2 expressed more in tolerant variety (BRRI dhan56) when primed with Trichoderma asperelloides whereas, both Trichoderma spp. up regulated the expression of DHN-4 and DREB genes in both rice genotypes under drought conditions. The present findings suggest that the both Trichoderma asperelloides and Trichoderma brevicompactum are most effective in improving drought tolerance in rice, and its prospective application will contribute to the advancement of rice genotypes to sustain crop productivity under drought stress.