A series of chromium‐halide, ‐nitride, and ‐dinitrogen complexes bearing carbene‐ and phosphine‐based PCP‐type pincer ligands has been newly prepared, and some of them are found to work as effective catalysts to reduce dinitrogen under atmospheric pressure, whereby up to 11.60 equiv. of ammonia and 2.52 equiv. of hydrazine (16.6 equiv. of fixed N atom) are produced based on the chromium atom. To the best of our knowledge, this is the first successful example of chromium‐catalyzed conversion of dinitrogen to ammonia and hydrazine under mild reaction conditions.