Intel Core i3-4160 Haswell 3.60GHz Processor

This is outdated. I have i3 4330. Which is 4 years old.

Better to buy a used one bro for much lesser price

Price is still high for a processor this old…

budget? For home use Pentium or i3 is enough. All the latest board supports SSD. I hope you are asking about m.2 SSD board compatibility.

SATA SSD or M.2 SSD? ?

I suggest this CPU, this has got builtin GPU
https://www.amazon.in/AMD-4-Thread-Desktop-Proc...

And regarding to SSD, it depends on budget you spend
M2 SSD is very fast but pricy
https://www.amazon.in/Samsung-970-Evo-Internal-...

To have M2 SSD, your motherboard should have M2 slot,
if no slot, you would need interface such as
https://www.amazon.in/gp/product/B07K...74

If you go for SATA SSD
You can buy alomost at 50% less price than M2 SSD

M2 SSD is 4-6 times faster than normal SSD