This seems like a question that has already been asked/answered many times. Its not.
Development Environment: VS 2012 and MVC 4. I am using the buil
You Should Go the username/ and enable it if not enable.
Your routes seems fine. This should not cause any problem. The error is occuring only on http://localhost:49962/managescholars/
which means that there might be some other resource with same name.
Can you make sure your code does not mistakenly creates a folder managescholars during execution?"
I know original question is answered but below worked in my case. I got exact same issue on VS2013 using IIS Express. In my case visiting /Login was not getting Index action in LoginController. There was no physical folder when I checked but after more digging I found there was virtual directory created on IIS Express for /Login path which caused this. I deleted the virtual directory from applicationhost config(Documents\IISExpress\config) to resolve issue.