Value can not be null : Error while creating plugin using D365 dev toolkit

Recently, from Visual Studio, after connecting to CRM organization using D365 DEV toolkit, we tried to create a plugin for Contact entity. While creating, we got error message: Value can not be null, Parameter name : path. 

To fix this issue, we updated the path of D365 plugin registration tool and bin folder as mentioned below:

Steps:

1. Open Visual Studio
2. Go to Tools –> Options.
3. Update the paths mentioned above as shown here:
4. Click on OK.

Then, we tried to create the plugin for Contact entity and it worked.

Hope it helps.