Raikia, which is a pole type French bean native to southern Odisha and recently notified as IC 632961 by CHES (ICAR-IIHR), is rich in nutrients but is underutilised because of low agronomical research. Scientific information on optimising phosphorus fertilisation and beneficial microorganisms on improving the productivity and profitability of this indigenous legume is scarce. The present study was an attempt to identify appropriate levels of phosphorus, as well as biofertiliser combinations, to improve the growth, yield and economic returns of Raikia bean. A field experiment was carried out during the rabi season of 2024-25 based on a factorial randomized block design, with 4 biofertiliser treatments that included no inoculation, vesicular arbuscular mycorrhiza (VAM), Rhizobium and PSB and 3 phosphorus levels (0, 30 and 60 kg P2O5 ha-1). Growth parameters, yield attributes, pod yield and economic indices were assessed using the appropriate statistical analyses. The results revealed that Rhizobium inoculation significantly improved growth and yield characteristics especially when used in conjunction with higher levels of phosphorus. The greatest pod yield, gross and net returns were recorded with Rhizobium + 60 kg P2O5 ha-1. However, the benefit - cost ratio was maximized under Rhizobium + 30 kg P2O5 ha-1, which indicates greater economic efficiency at a moderate dose of phosphorus. Multivariate analyses (MANOVA) and principal component analysis (PCA) showed that there was significant variability induced by the treatment and there were strong interrelationships among growth and yield traits and that Rhizobium combined with moderate to higher phosphorus levels are the most influential treatment combinations. The study concludes with the integration of Rhizobium inoculation with 30 kg P2O5 ha-1 providing an economically viable and sustainable nutrient management system for Raikia seedling cultivation and making a practical recommendation for farmers to use and encourage the use of this indigenous crop among other farmers.