Efficacy of a new herbal pesticide, Stanza obtained from Universal Crop Science Ltd, Mumbai was evaluated during kharif 2006-07 and 2007-08. Thrips population was significantly lowest in Stanza @ 2.00 ml/l (1.36/leaf) which was on par with its lower dosage i.e. Stanza @ 1.50 ml/l (1.59/leaf) and standard check, fipronil 5 SC @ 1.00 ml/l (1.64/leaf). Similarly, Stanza @ 2.0 ml/l recorded lowest mite population of 3.70/leaf which was on par with Stanza @ 1.50 ml/l (3.70/leaf). Highest green chilli yield of 32.64 q/ha was registered in Stanza @ 2.0 ml/l, but which was on par with its lower dosage of 1.50 ml/l (31.29 q/ha). The net returns of Rs. 35,058 and Rs. 34, 352 was obtained when the chilli was sprayed with Stanza @ 2.00 ml/ l and 1.50 ml/l, respectively. Thus, the Stanza @ 1.50 ml/l was quite effective against thrips and mites and registered higher yields and net profits.