Getting error cvc-elt.1: Cannot find the declaration of element 'settings'

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I am facing error cvc-elt.1: Cannot find the declaration of element 'settings' in settings.xml

Below is my code snippet of settings.xml:

<?xml version="1.0" encoding="UTF-8"?><settings xmlns="http://maven.apache.org/POM/4.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/settings-1.1.0.xsd">

How can I resolve this error?

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