Hi @vickash and welcome to the Community!
In Launcher, the minimum time interval is 5 minutes. In EasyMorph Server, it can be as small as 1 minute.
There are 2 possible workarounds:
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Design a loop in your workflow that can runs as frequently as you need. See the "Idea 2" in this thread: How to run task when file appears in folder
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Modify the XML file of the Launcher task as suggested here: Task scheduler every 1 minute trigger? - #2 by Jochen_Marquardt. Note, however, that a new version update may potentially change the XML format of tasks and overwrite the changes. Therefore, strictly speaking, this is not recommended.