You should apply in SPP for first time. 10,000 $ are not for food and accommodation but they are GIC,in place of loan.In SPP 7-8 lcs funding can be shown through GIC for supporting education,but you will have to show 22-24 lacs in General.2 weeks is processing time for SPP,but normally General files are also processed in same pace.If you are applying for first time then you should go for SPP.