A field experiment was conducted for three consecutive years from 2011 to 2013 to study the effect of different irrigation scheduling through drip irrigation on papaya (Carica papaya Linn.) production in sandy loam soil. The experiment comprised of nine treatments under drip method of irrigation with combination of three irrigation regimes viz., 60%, 80% and 100% of cumulative pan evaporation (CPE), three different levels of fertilizer and conventional irrigation at 50 mm CPE as a control treatment. Drip irrigation at 100% CPE significantly effective for mean plant height 251.2 cm at 180 days after transplanting, maximum mean fruit diameter 24.94 cm and length of fruit 27.68 cm was found in F3 (100 % fertilizer). The same treatment F3 resulted significantly in the highest mean fruit yield of 122.9 t ha-1 over other treatments and control of 72.64 t ha-1. With regard to mean water use efficiency it was significantly maximum 1.79 t ha-1cm-1 in F3 treatment receiving (100% fertilizer) compared to other treatments. The highest FUE of 32.56 kg per kg nutrient applied was found in I3 treatment over others. The treatment I1F3 indicated maximum water productivity (1911.91 Rs/mm) over control and other treatments. Drip irrigation at 100% CPE resulted in the highest mean B:C ratio of 3.17 in F3 followed by F1 (2.68) over other treatments and control of 1.86.