Missing "server" JVM at `C:\Program Files (x86)\Java\jre1.8.0_111\bin\server\jvm­­.dll'

This is a common error while we set the JAVA_HOME to the JRE directory. To resolve this issue:

Go to

C:\Program Files (x86)\Java\jre1.8.0_111\bin\
Create a directory called server under the bin
copy all the contents from C:\Program Files (x86)\Java\jre1.8.0_111\bin\client to this newly created server folder