The present investigation on thirty black gram diverse genotypes for 12 yield and yield attributing traits under organic and inorganic fertilizer managements was carried out to study genetic variation among traits and genotypes in the respective environments that would equip the selection criteria using principal Component Analysis. First four vectors with threshold Eigen value greater than one (>1) contributed to 77.56% and 70.74% variation under organic and inorganic fertilizer managements respectively. Characters viz., number of clusters per plant (0.395), number of seeds per pod (0.354), days to maturity (0.336), number of pods per plant (0.300), harvest index (0.244), plant height (0.073) and seed yield per plant (0.015), whereas under inorganic fertilizer management number of primary branches per plant (0.43), followed by number of pods per plant (0.43), seed yield per plant (0.31), number of pods per cluster (0.29), number of clusters per plant (0.29) explained the maximum variance in first principal component (PC1) under organic conditions. Based on comparison of trait contribution to total variability under PC1 under both the managements it can be concluded that the traits viz., number of clusters per plant, number of pods per plant and seed yield per plant were the potential traits that accounted for maximum share towards variability. These traits may be taken into consideration as selection criteria in breeding programmes aimed at developing high yielding varieties.