The benefits of cutting fluids in machining are well known, but their use is accompanied by health and environment hazards. Moreover, strict environmental regulations make the manufacturers to switch over to dry turning, which is not feasible during machining of sticky material like stainless steel and Inconel etc. Therefore, the use of minimal quantities of lubricant (MQL) can be regarded as an alternative solution and a step towards green machining. In the present investigation an attempt has been made to explore the potential of MQL turning of stainless steel with coated carbide cutting tool. Turning under MQL conditions has shown superior results (in terms of flank wear and machined surface roughness) over wet and dry turning. Signal to noise (S/N) ratio as per Taguchi design revealed speed and MQL as significant parameters for minimizing flank wear and surface roughness, whereas feed can be set within range. The optimum combination of parameters are cutting speed (58 m/min), feed rate (0.06 mm/rev.) and MQL flow rate (100 mL/h) for flank wear and cutting speed (23 m/min), feed rate (0.07 mm/rev.) and MQL flow rate (150 mL/h) for surface roughness. Taguchi optimized conditions were validated through multiple response optimization using desirability function.