Microsoft Support – Options for using Windows 11 with Mac® computers with Apple® M1®, M2™, and M3™ chips
You cannot run regular Intel versions of Windows on an Apple Silicon Mac. Apple Silicon chips use a different type of machine language than Intel and AMD chips do.
Microsoft has a special version of Windows called Windows 11 for ARM. You can run it inside of a Parallels Desktop virtual machine, and it has Intel emulation code to let it run some off-the-shelf Wintel applications. There would be the overhead and limitations of running Windows inside of a virtual machine – and of Windows having to emulate an Intel processor instead of running Intel applications natively at full speed.
Microsoft does not offer Windows 11 for ARM for use as a dual-boot operating system on Apple Silicon Macs – and Apple does not offer dual-boot support (Boot Camp) for them.
M1 MacBook Airs came with either 8 GB or 16 GB of RAM. I don't know how much yours has, but note that Parallels recommends having 16 GB of RAM or more for best performance.