Error during Django Deployment: Cannot import 'setuptools.build_meta'

I have encountered this error while deploying my Django project on Render. The error is as follows:

pip._vendor.pyproject_hooks._impl.BackendUnavailable: Cannot import 'setuptools.build_meta'

I have upgraded setuptools, even reinstalled the package but still can't figure out what the issue is.

PS- I am using Django 5.2.7 and Python 3.11

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