Hi Harikrishnan,
I'm not sure what you are trying to achieve here in the microflow.
What does a user list have to do with a simple request and approval system?
To make something like you described, I would suspect something like a request object with an enumeration attribute of the different stages you specified.
Of course, you can add any details needed for the request. Then build pages to show it and microflows to approve it. To show it, you can make a list view with an XPath to only show feasibility_review, for example. Then change the enumeration to approve it.
With microflow:
Hopefully this is the answer you where looking for. Good luck!