Spring JPA: BeanCreationException - Caused by AbstractMethodError - spring

Question

I'm facing bean creation exception when I'm using Spring JPA.
I'm extending CrudRepository to interface IMyRepository and have configured below xml to create beans required by Spring JPA
public interface IMyRepository extends CrudRepository<MyEntity, Long> {
// Queries
}
project.dao.beans.xml:
<?xml version="1.0" encoding="UTF-8"?>
<beans xmlns="http://www.springframework.org/schema/beans"
xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:context="http://www.springframework.org/schema/context"
xmlns:p="http://www.springframework.org/schema/p" xmlns:mvc="http://www.springframework.org/schema/mvc"
xmlns:tx="http://www.springframework.org/schema/tx" xmlns:cache="http://www.springframework.org/schema/cache"
xmlns:jpa="http://www.springframework.org/schema/data/jpa" xmlns:repository="http://www.springframework.org/schema/data/repository"
xsi:schemaLocation="http://www.springframework.org/schema/beans
http://www.springframework.org/schema/beans/spring-beans-4.1.xsd
http://www.springframework.org/schema/context
http://www.springframework.org/schema/context/spring-context-4.1.xsd
http://www.springframework.org/schema/tx
http://www.springframework.org/schema/tx/spring-tx-3.0.xsd
http://www.springframework.org/schema/mvc
http://www.springframework.org/schema/mvc/spring-mvc-4.1.xsd
http://www.springframework.org/schema/cache
http://www.springframework.org/schema/cache/spring-cache.xsd
http://www.springframework.org/schema/data/jpa
http://www.springframework.org/schema/data/jpa/spring-jpa.xsd
http://www.springframework.org/schema/data/repository
http://www.springframework.org/schema/data/repository/spring-repository.xsd" >
<context:component-scan base-package="com.project.dao" />
<bean id="projectDataSource"
class="org.springframework.jdbc.datasource.DriverManagerDataSource"
autowire-candidate="true">
<property name="driverClassName" value="com.mysql.jdbc.Driver" />
<property name="url" value="jdbc:mysql://ABC:3306/project" />
<property name="username" value="userA" />
<property name="password" value="1234" />
</bean>
<bean id="projectEntityManagerFactory"
class="org.springframework.orm.jpa.LocalContainerEntityManagerFactoryBean">
<property name="dataSource" ref="projectDataSource" />
<property name="packagesToScan" value="com.project.dao" />
<property name="jpaVendorAdapter">
<bean class="org.springframework.orm.jpa.vendor.HibernateJpaVendorAdapter" />
</property>
<property name="jpaProperties">
<props>
<prop key="hibernate.hbm2ddl.auto">create-drop</prop>
<prop key="hibernate.dialect">org.hibernate.dialect.MySQL5Dialect</prop>
</props>
</property>
</bean>
<bean id="projectJpaTransactionManager"
class="org.springframework.orm.jpa.JpaTransactionManager">
<property name="entityManagerFactory" ref="projectEntityManagerFactory" />
</bean>
<tx:annotation-driven transaction-manager="projectJpaTransactionManager" />
<bean id="persistenceExceptionTranslationPostProcessor"
class="org.springframework.dao.annotation.PersistenceExceptionTranslationPostProcessor" />
<jpa:repositories base-package="com.project.dao" />
</beans>
But when I run my application I get below error:
org.springframework.beans.factory.BeanCreationException: Error creating bean with name 'IMyRepository': Initialization of bean failed; nested exception is java.lang.AbstractMethodError
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.doCreateBean(AbstractAutowireCapableBeanFactory.java:547)
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.createBean(AbstractAutowireCapableBeanFactory.java:476)
at org.springframework.beans.factory.support.AbstractBeanFactory$1.getObject(AbstractBeanFactory.java:303)
at org.springframework.beans.factory.support.DefaultSingletonBeanRegistry.getSingleton(DefaultSingletonBeanRegistry.java:230)
at org.springframework.beans.factory.support.AbstractBeanFactory.doGetBean(AbstractBeanFactory.java:299)
at org.springframework.beans.factory.support.AbstractBeanFactory.getBean(AbstractBeanFactory.java:194)
at org.springframework.beans.factory.support.DefaultListableBeanFactory.preInstantiateSingletons(DefaultListableBeanFactory.java:736)
at org.springframework.context.support.AbstractApplicationContext.finishBeanFactoryInitialization(AbstractApplicationContext.java:757)
at org.springframework.context.support.AbstractApplicationContext.refresh(AbstractApplicationContext.java:480)
at org.springframework.web.context.ContextLoader.configureAndRefreshWebApplicationContext(ContextLoader.java:403)
at org.springframework.web.context.ContextLoader.initWebApplicationContext(ContextLoader.java:306)
at org.springframework.web.context.ContextLoaderListener.contextInitialized(ContextLoaderListener.java:106)
at org.apache.catalina.core.StandardContext.listenerStart(StandardContext.java:4699)
at org.apache.catalina.core.StandardContext.startInternal(StandardContext.java:5165)
at org.apache.catalina.util.LifecycleBase.start(LifecycleBase.java:183)
at org.apache.catalina.core.ContainerBase$StartChild.call(ContainerBase.java:1412)
at org.apache.catalina.core.ContainerBase$StartChild.call(ContainerBase.java:1402)
at java.util.concurrent.FutureTask.run(FutureTask.java:266)
at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1149)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:624)
at java.lang.Thread.run(Thread.java:748)
Caused by: java.lang.AbstractMethodError
at org.springframework.beans.factory.support.FactoryBeanRegistrySupport.getObjectFromFactoryBean(FactoryBeanRegistrySupport.java:99)
at org.springframework.beans.factory.support.BeanDefinitionValueResolver.resolveInnerBean(BeanDefinitionValueResolver.java:302)
at org.springframework.beans.factory.support.BeanDefinitionValueResolver.resolveValueIfNecessary(BeanDefinitionValueResolver.java:129)
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.applyPropertyValues(AbstractAutowireCapableBeanFactory.java:1477)
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.populateBean(AbstractAutowireCapableBeanFactory.java:1222)
at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.doCreateBean(AbstractAutowireCapableBeanFactory.java:537)
... 20 more
I searched many places but nothing seems to work.
The effective dependencies are as follows:
<dependencies>
<dependency>
<groupId>org.springframework.boot</groupId>
<artifactId>spring-boot-starter-data-jpa</artifactId>
<version>2.0.5.RELEASE</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>mysql</groupId>
<artifactId>mysql-connector-java</artifactId>
<version>5.1.6</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>org.slf4j</groupId>
<artifactId>slf4j-log4j12</artifactId>
<version>1.7.25</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>log4j</groupId>
<artifactId>log4j</artifactId>
<version>1.2.17</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>org.springframework</groupId>
<artifactId>spring-jdbc</artifactId>
<version>4.1.6.RELEASE</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>org.springframework</groupId>
<artifactId>spring-test</artifactId>
<version>4.1.6.RELEASE</version>
<scope>test</scope>
</dependency>
<dependency>
<groupId>org.springframework</groupId>
<artifactId>spring-core</artifactId>
<version>4.1.6.RELEASE</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>org.springframework</groupId>
<artifactId>spring-context-support</artifactId>
<version>4.1.6.RELEASE</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>org.springframework</groupId>
<artifactId>spring-orm</artifactId>
<version>4.1.6.RELEASE</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>redis.clients</groupId>
<artifactId>jedis</artifactId>
<version>2.6.1</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>com.project</groupId>
<artifactId>project-util</artifactId>
<version>0.0.2-SNAPSHOT</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>com.caucho</groupId>
<artifactId>hessian</artifactId>
<version>4.0.51</version>
<scope>compile</scope>
</dependency>
<dependency>
<groupId>com.project</groupId>
<artifactId>web-common</artifactId>
<version>1.0.5-SNAPSHOT</version>
<scope>compile</scope>
</dependency>
Can anyone figure out what's the issue here! Many thanks!