The present study was carried out to identify and characterize the pathogen responsible for cashew seedling wilt, and to find its control measures. Characteristic symptoms of wilt included yellowing and drying of the lower leaves at the initial stage. In the advanced stage, drooping and wilting of the top portion of the seedling was more common. Pathogen Fusarium falciforme, was identified based on the morphological characteristics and ITS sequence data. Several fungicidal formulations effectively reduced the intensity and severity of seedling wilt disease. Phylogenetic analysis placed all the five isolates into a single cluster. A mixture of Trifloxystrobin and Tebuconazole inhibited the pathogen in terms of mycelial growth, followed by Carbendazim + Mancozeb with ED50 values of 4.370 and 8.427 ppm, respectively. However, mixture of Carbendazim and Mancozeb was found the best suitable fungicide formulation to reduce the severity of wilt disease and the highest percent disease control over the untreated one.