Failed opening codec: h264_nvenc ERROR encountered when exporting in premiere pro 2020

Hi,

I am getting the following error when exporting the media. It just vanishes immediately after doing nothing.

Thanks,
Sourav

ERROR

[09:16:28] =============================================

[09:16:28] Voukoder 3 (3.0.0)

[09:16:28] by Daniel Stankewitz

[09:16:28] ---------------------------------------------

[09:16:28] Intel(R) Core(TM) i5-3450 CPU @ 3.10GHz

[09:16:28] 4 logical cores

[09:16:28] 20445 MB system memory

[09:16:28] Display #0 on: NVIDIA GeForce GTX 1650 SUPER

[09:16:28] Display #1 on: NVIDIA GeForce GTX 1650 SUPER

[09:16:28] ---------------------------------------------

[09:16:28] ---------------------------------------------

[09:16:28] Export started

[09:16:28] ---------------------------------------------

[09:16:28] Filename: C:\MTS\2017\Sangeet Copy 01.mp4

[09:16:28] Application: Voukoder (Adobe Premiere)

[09:16:28] Passes: 1

[09:16:28] - Video -------------------------------------

[09:16:28] Frame size: 1920x1080

[09:16:28] Pixel aspect: 1:1

[09:16:28] Timebase: 1/25 (25.00 fps)

[09:16:28] Interlaced: Top first

[09:16:28] Encoder: h264_nvenc

[09:16:28] Options: _computeCapability=7.5 _pixelFormat=yuv420p gpu=0

[09:16:28] Side data: <none>

[09:16:28] Filters: <none>

[09:16:28] Color range: unknown

[09:16:28] Color space: unknown

[09:16:28] Color primaries: unknown

[09:16:28] Color transfer: unknown

[09:16:28] - Audio -------------------------------------

[09:16:28] Timebase: 1/48000

[09:16:28] Channels: 2

[09:16:28] Encoder: aac

[09:16:28] Options: _sampleFormat=fltp b=96000 profile=aac_low

[09:16:28] Side data: <none>

[09:16:28] Filters: <none>

[09:16:28] ---------------------------------------------

[09:16:28] Opening codec: h264_nvenc with options: gpu=0

[09:16:28] Failed opening codec: h264_nvenc

[09:16:28] Unable to open video encoder: h264_nvenc

[09:16:28] Closing encoders ...

[09:16:28] Opening encoder failed! Aborting ...

[09:16:28] 00000000CC885EA0