Humanity depends (directly or indirectly) exclusively on agriculture for their survival. Due to the exponential growth in population, it is imperative to use new scientific tools and technologies such as nanotechnology in agriculture. The objective of this review is to provide an overview of the use of nanomaterials (NMs) and nanoparticles (NPs) in form of nanofertilizers (NFs) to enhance plant nourishment, reflecting their potential benefits and possible uses, and also assessing their potential impact on ecosystem. NFs possess an alternative approach as compared to biofertilizers, biopesticides and organic fertilizers that started from green revolution. NFs affect crop's nutritional quality and stress tolerance in plants. There are both pons and cons of NPs and NMs when used in agriculture. These studies are necessary because NPs and NMs can be transferred to ecosystems by various pathways where they can cause toxicity to organisms, affecting the biodiversity and abundance of such ecosystems, and may ultimately even be transferred to consumers. The progress in the crop improvement processes such as implementation of nanodevices for genetic manipulation of plants depends on advanced techniques used in nanotechnology.