Research investigations conducted in the past has shown that conventional petroleum based lubricants can be replaced with vegetable lubricants. Vegetable oil lubricants do not pollute the environment, as they are biodegradable. In this investigation, pongamia pinnata oil was used as lubricant, to during turning experiments. The physico chemical properties of modified pongamia pinnata oil were evaluated. Ag Nanoparticles were incorporated into the modified pongamia pinnata oil and it was subjected to tribological investigations. In this investigation, the effect of Ag nanoparticles in improving the lubricating aspects of the modified pongamia pinnata oil was studied. The aim of this investigation is to identify the effect of the nanoparticle incorporated bio- lubricant coolant on Monel K 500. In this study, using TiAlN coated triangular tungsten carbide inserts, Monel K 500 was subjected to turning under three conditions such as dry, minimum quantity lubrication and Ag nanoparticles incorporated vegetable oil lubrication. It was observed that the properties of the bio lubricant affected the turning output responses to such as cutting force, machining temperature, tool wear and surface roughness of the workpiece (Monel K 500). Machined surface was evaluated using scanning electron microscope, electron back scatter diffraction analysis and X-Ray diffraction analysis. Turning operation conducted with 2% Ag nanoparticles incorporated modified pongamia pinnata oil lubrication was better than turning conducted under dry and lubricated conditions. Industrial wastes and toxic effluents can be minimized by switching over to bio lubricants and coolants.