The invention relates to a marine polysaccharide inorganic and organic composite controlled release fertilizer and a process for producing the same, belonging to the technical filed of fertilizer for corps. The marine polysaccharide inorganic and organic composite controlled release fertilizer comprises the following raw materials: 0.5-10wt% marine polysaccharide, 8-15wt% urea, 10-14wt% calcium superphosphate, 6-15wt% complex potassium salt and 30-65wt% seaweed meal, nitrogen-enriched bacterium and bacillus mucilaginosus are used as effective microbes, and others are common household organic fertilizers. The process comprises the following steps: (1) weighing the raw materials in certain mass percent; (2) homogenizing the raw materials for 10-20min; (3) granulating by disc atomizing; (4) drying the particles obtained by the step (3); (5) cooling the dried particles by normal temperature air cooling; (6) grading the cooled particles by a rotary screen; (7) coating the product surface with mixed water solution spray of marine polysaccharides and seaweed meals; and (8) measuring and packaging. The process has the advantage of scientific and reasonable process technique, and the produced fertilizer has the advantages of quick-acting, long-acting, synergy, water holding and controlled release. Various effects which can effect long time are achieved by fertilizing one time, so that the labor intensity of farmers is lightened, and the effectiveness and economy of fertilizing is improved.