The One Time Settlement Scheme announced by the Reserve Bank of India
could have been used as an eglatarian scheme to allow a decent exit for
such borrowers who had become victim of globalisation. However the
scheme was flawed from the very word go. It ended in a whimper.
http://www.financialexpress-bd.com/index3.asp?cnd=4/10/2006§ion_id=4&newsid=21281&spcl=no
Regards