With reference to Water Credit’, consider the following statements: 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct?

Question

GSMediumPrelims 2021Social Issues & Schemes

With reference to Water Credit’, consider the following statements:

It puts microfinance tools to work in the water and sanitation sector.
It is a global initiative launched under the aegis of the World Health Organization and the World Bank.
It aims to enable the poor people to meet their water needs without depending on subsidies.

Which of the statements given above are correct?

Explanation

Statement 1 is Correct. WaterCredit uses microfinance tools to help people access clean water and sanitation solutions. It provides small loans to individuals and households to invest in these facilities.

Statement 2 is Incorrect. WaterCredit is not a global initiative under WHO and World Bank. It's an initiative of Water.org, an international non-profit organization focused on water and sanitation access.

Statement 3 is Correct. WaterCredit aims to empower people by enabling them to pay for their own water and sanitation needs, reducing reliance on potentially unreliable subsidies.

Therefore, the correct answer is 1 and 3 only.