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Simply because loan amount is Rs40 lacs and is major source of funding, you dont need to get worried on F1 visa. Yes, there can be questions how you are going to fund and when you lead him with your answer loan of 40 lacs, how will you repay?

So structure your answer here like that. "I am confident that with a degree in CMU, I will be able to earn well in India. Also I understand the course is STEM RECOGNISED and have 3 years of Optional Practical Training. I will also try if I can make use of that training to earn to repay the loan". This is a perfect answer. Dont use the words like, I will go for work in US or employment etc.
     
 
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