This list does not currently support scheduling. It must first have major and minor (draft) versions enabled, and content approval must be enabled.

Item Scheduling  is a fantastic feature in SharePoint which lets your document library or list  to be displayed between two time frames. (Start Date and End Date).!! 
 
 To enable this Marvelous feature in your  Library.
 
  1. Content Approval needs to be enabled on the library.
  2. Versioning needs to be enabled both for Major and Minor versions.

If it's not enabled , you will receive the error message "This list does not currently support scheduling. It must first have major and minor (draft) versions enabled, and content approval must be enabled. "