The present experiment was conducted to evaluate the plant growth properties of the native rhizospheric microflora of Dalbergia latifolia, an important medicinal, timber and biofuel plant. A systemic isolation, characterization and identification of rhizospheric soil, collected indigenously, initially produced 45 numbers of fungi and 3 numbers of bacteria. Both groups of organisms were characterized for their extracellular useful activity, especially phosphate solubilisation potential, and presented in terms of solubilisation index and solubilisation efficiency. Two fungi and two bacteria with good phosphate solubilization activity, along with NPK and organic manure, were selected and used in a pot culture experiment to promote the growth and development of Dalbergia latifolia under nursery conditions. Data recorded on 90 Days of plant growth exhibited the growth promotion of inoculated plants over control uninoculated experimental set. Results obtained on morphological and physiological growth parameters exhibited that the application of Aspergillus flavus followed by Burkholderia territorii + org. manure showed maximum shoot height and inoculation of Burkholderia anthina + Aspergillus sp. + NPK was significantly higher leaf area. Significantly longer root has been observed in Burkholderia territorii. However, a difference was observed in the number of leaves in Aspergillus flavus. + Org. manure and higher numbers of branches were observed in Aspergillus flavus only as compared to uninoculated control. Coinoculation of Aspergillus flavus + Penicillium simplicissimum showed better performance in fresh and dry shoot biomass as compared to other treatments. Burkholderia territorii + Org.manure produced higher fresh biomass of roots and coinoculation of bacteria Burkholderia territorii + Burkholderia anthina helped in enhancing root dry biomass. Dual inoculation of Aspergillus flavus + Penicillium simplicissimum gives better result in both fresh biomass of leaves and dry biomass of leaves. Application of Aspergillus flavus + Penicillium simplicissimum enhanced the total fresh biomass of the seedlings whereas supplementation of Burkholderia anthina + Penicillium simplicissimum enhanced the total dry biomass. Coinoculation of Aspergillus flavus + Penicillium simplicissimum showed higher RGR and coinoculation of Burkholderia anthina + Aspergillus flavus + NPK showed quite higher Leaf area ratio (LAR cm2gm-1). Co inoculation of Burkholderia territorii + Burkholderia anthina + Organic Manure showed highest root-shoot ratio and Coinoculation of Penicillium simplicissimum + Org. manure showed higher Net assimilation rate (NAR). However, Bacterial and fungal inoculants were also used as potent bioinoculants for the growth and establishment of crops of forest tree species.