BUG #16310: Database Cluster Initialization failed while installing postgres

The following bug has been logged on the website:

Bug reference: 16310
Logged by: Aniket Yadav
Email address: aniketyadav5757(at)gmail(dot)com
PostgreSQL version: 11.7
Operating system: Windows
Description:

After downloading the stable version of postgres i.e 11.7 and installing the
same, The database cluster initialization fails at the post installation
step and this disables to create servers or any databases and use postgres.
After i started searching for solutions for the same problem, I got to know
that postgres has this MAJOR problem while installation for many times.
So I please request you to look after this problem as it causes many issues
for users who believe postgres database is one of the best sql databases to
use.
Kindly resolve the same.