Hey @Nitesh_Jha,
Unfortunately this isn't currently supported by the Tags or Tag column type. The Tags and Tag column types only allows for a single selection of options that will be available for every row in the table. It's not possible to configure distinct options for each row.
Reference from this post
Another similar and more recent post here
The best workarounds are either an expandable row, where you can refer to your optionsList using currentRow/currentSourceRow, or a drawer with a form.
I understand your pain, in fact I submitted a feature request here, and this is well known to the Retool Support team