My website is hosted in a PAAS provider,
made a virtual environment using below command
$ mkvirtualenv --python=/usr/bin/python3.8 mysite-virtualenv
However I can not activate it, please refer the attached image for file structure.

As indicated in official Python's documentation, You can create the environment with:
python3 -m venv NAMENEV
and activate with:
NAMENEV\Scripts\activate.bat # ON WINDOWS
source NAMENEV/bin/activate # ON LINUX/MAC
Your virtual environment was created with virtualenvwrapper. Activate it with command workon mysite-virtualenv in bash console on PythonAnywhere.
For the web app you need to set it on the "Web" configuration page.
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