I feel that my initial question was slightly incoherent and not precise. So instead of making addendum to the question which is making it lengthier, I am editing it completely. So, sorry about that.
As in comments, people are suggesting to incorporate the resistance in the circuit. But the problem still continues.
Suppose we have an RL circuit with dc power suply of emf $\mathscr{E}$. Then we know from the differential equation obtained by $KVL$ that the induced emf by the inductor goes from $\mathscr{E}$ to 0 and the current acquires the steady value from $0$ to $\frac{\mathscr{E}}{R}$.
I am not able to physically visualize why the induced emf decreases. At $t=0$, before closing the switch there is no current. $\frac{dI}{dt}=0$. When we close the switch, the induced emf equals the applied voltage thus no current at $t=0^+$.
But now, why the induced emf has to decrease. If it does not decrease, then the current in the circuit will remain $0$, and $\frac{dI}{dt}=0$, which the inductor likes. If induced emf decreases say by $\Delta V$, then the current will tend to flow in the circuit, thus $\frac{dI}{dt}>0$, so instantaneously the inductor has to induced more emf (by an amount $\Delta\mathscr{E}$) to resist this change. So, inductor has to maintain the constant induced voltage $\mathscr{E}$, so as not to change the rate of current flow.
If we see from the perspective of differential equation. At $t=0$, induced emf by inductor is $\mathscr{E}$. Thus no current. But by the Faraday's law, this induced emf corresponds to a particular $\frac{dI}{dt}$ in the cicuit. Thus current increases in the circuit. By $KVL$, some voltage drop will occur across $R$, thus induced emf by inductor decreases so as to satisfy $KVL$ and thus $\frac{dI}{dt}$ decreases, and this continues till all the voltage will be across resistance.
But this analysis suggests that induced voltage governs the rate of current flow in the circuit and also the induced emf changes so that net voltage in the circuit is $0$ (to satisfy $KVL$). So, the guiding force is the $KVL$.
But Faraday's law does opposite. It considers the rate of flow of current as the cause and induced emf as the effect. I think that this is the point where intuition does not match with the mathematical result and essentially $KVL$ escapes us from the intuitive picture of the action of inductor.