A new type of biofertilizer formulation containing microbial consortium was constituted using fluid bed dryer (FBD) with a vision of reducing contamination and enhancing performance of bioinoculants. Three agriculturally beneficial microorganisms’ viz. Pseudomonas fluorescens (plant growth promoter), Acinetobacter sp. (phosphate solubilizer) and Azotobacter chroococcum (dinitrogen fixer) were used in consortium. Inocula of respective combinations were mixed with carrier material (talc) and dried in FBD. Effectiveness of these inoculants formulations was carried out with finger millet (Eleusine coracana Gaertn.) in greenhouse. Enhancement in nitrogen content, phosphorus content and dry weight was reported from triple inoculants consortium followed by dual, single and uninoculated control. Chlorophyll content was highest from dual inoculation of P. fluorescens + Acinetobacter sp. and Acinetobacter sp. + A. chroococcum. Plant growth in inoculated treatments was robust when supplied with NPK fertilizers, but effect of inoculation was pronounced in plants not receiving chemical fertilizers