Improper nutrient management is one of the major limitations linked with cultivation of Cajanus cajan. This calls for an urgent need for a promising alternative, employing both bioinoculants and chemical fertilizer. Present study attempted to understand the impact of bioinoculants {Azotobacter chroococcum, Bacillus megaterium, and Pseudomonas fluorescens (ABP)} as their mono-inoculations, triple-inoculation, and their combination with different doses of fertilizer on (a) plant parameters, (b) soil nitrogen (N) economy, (c) resident bacterial community, (d) genes and transcripts involved in N cycle, and to evaluate the extent to which fertilizer could be replaced by ABP without compromising on grain yield. Bradyrhizobium sp. was used in all the treatments (as it was recommended for C. cajan). Combined application of bioinoculants and 75% of recommended dose of fertilizer (RDF) led to 1.28-fold enhancement in grain yield as compared to RDF alone. Apart from exerting a positive impact on grain yield, the combined application of ABP and fertilizer led to an improvement in soil fertility, and modified the culturable rhizospheric bacterial community involved in N cycle. Integrated use of bioinoculants and fertilizer led to better N substrate utilization and hence, metabolic diversity when compared with application of fertilizer alone. An increase in the transcripts of nifH gene at the harvest stage in the soil treated with ABP alone and its combination with fertilizer, over individual treatment with fertilizer was observed. The combined use of ABP and fertilizer shaped the resident bacterial community towards a more beneficial community, which helped in increasing soil nitrogen turnover and hence, soil fertility as a whole.