ORA-06134: NETTCP: file access privilege violation
Cause : The host's SQL*Net TCP/IP server did not have READ/ EXECUTE permission for the SID mapping file (specified in CONFIG.ORA) associated with this connection request.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Change protection on SID mapping file.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.