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@trapx1 Actually you are right it works, I did not convert the mods..that is what i needed to do
For anyone who is facing the same issue
1.open RPF EXPLORER
2.Go to Tools > Asset Converter
3.Then use whatever mods you have downloaded and convert them one by one
4.Also in output folder path > create a new Folder named "output"
5. and then use rpf explorer to put all the converted mods back to your mods folder that is it.

@trapx1 work how? i am on the same version and have you tried adding new stuff?
Also i am on Rockstar Launcher Version of the game..Maybe you are using steam with Command Line Argument?

Can confirm that this does not work anymore, The Game starts and exits automatically and if i delete .asi file, Everything goes back to normal and the game launches just fine.
**UPDATE NEEDED**