How to switch career from PSU job to SDE

Background:

Tier 1 college, Branch - Civil, 2018 passout, Presently working at a state govt PSU with around 11.5 LPA CTC (salary part only, excluding medical facility which is decent)

Things I like at the present job:

1. Home state posting all throughout the career
2. Easy to take leaves and can mostly go home on weekends
3. Good work life balance.

Things I don't like:

1. Rural posting (as of now, will change in future)
2. Repetitive kind of work - not challenging enough and hence limited growth (I guess this is true for most PSU jobs)

Why thinking of the switch?

1. Civil was never really my passion - just what I got.
2. Taking the job was mostly due to family pressure of doing govt job.
3. Liked programming during school days, did web dev work in college fests.
4. I do like the process of building something up and also learning new things, and am hence beginning to feel tech is something that would suit me.
5. Salary and fomo factors are there but not significant enough. I feel I have not been taking enough risks and hence am not being rewarded enough. I want the thrill of grinding and progressing in life.

What's stopping me then?

1. Obviously, the safety and protection of a secured job is difficult to overcome.
2. Family wants me to settle now, but I don't.
3. Recessions like this where layoffs take place even for skilled people due to factors not in one's control.
4. The fact that I might have to take a paycut, to begin in this career.

So what should be the path to take?

1. Learn DSA, make projects and apply. Could use my network (although very very few of my batch are in tech, most are in analytics, finance, core sector) to begin somewhere and switch
2. Go for M.Tech in tier 1, and hence aim for product based companies.

I am more inclined towards option 2, as the tech job market being what it is now. I am ready to slog for 2 -3 years (mtech preparation, mtech and then placement)

Please help me out with your views and suggestion.