In India, Debt Management Plans known as DMP, are not directly regulated by the Reserve Bank of India RBI. However, RBI in their working group article of 3rd April 2008 advised that people in debt should be offered debt counselling, which includes negotiating with creditors to establish a Debt Management Plan. Credit counselling agencies like us offering DMPs operate under the broader regulatory framework set by the RBI. These guidelines ensure fair practices, transparency, and protection for consumers seeking debt management solutions.