Reduction of dinitrogen to ammonia under ambient conditions is a long‐standing challenge. The few metal‐based catalysts proposed have conspicuous disadvantages such as high cost, high energy consumption, and being hazardous to the environment. Single‐atom catalysis has emerged as a new frontier in heterogeneous catalysis and metal atoms atomically dispersed on supports receive more and more attention owing to rapid advances in synthetic methodologies and computational modeling. Herein, we propose metal atoms embedded in divacant graphene as a catalyst for N2 fixation based on density functional calculations. We systematically investigate the potential of using transition metal like Cr, Mn, Fe, Mo and Ru as catalysts and our study reveals that Cr embedded in graphene exhibit good catalytic activity for N2 fixation. The synergy between the metal atoms and graphene surface provides a stable support to the metal center that has a high spin density to promote adsorption of N2 and activation of its N≡N triple bond. Our study deciphers the mechanism of conversion of N2 to ammonia following two possible reaction pathways, distal and enzymatic routes, via sequential protonation and reduction of activated N2. The study provides a rational framework for conversion of dinitrogen to ammonia using single atom catalyst.