With reference to WaterCredit, consider the following statements : 1. It puts microfmance 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 ai

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Q: (IAS/2021)
With reference to ‘WaterCredit’, consider the following statements :
1. It puts microfmance 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_subject: 

Economics

question_exam: 

IAS

stats: 

0,244,147,50,32,244,65

keywords: 

{'watercredit': [0, 0, 0, 1], 'sanitation sector': [0, 0, 0, 1], 'water needs': [0, 0, 0, 2], 'global initiative': [0, 0, 0, 1], 'water': [65, 15, 80, 129], 'world health organization': [0, 0, 1, 6], 'world bank': [0, 1, 0, 3], 'subsidies': [1, 0, 0, 1], 'aegis': [0, 0, 0, 7]}

The correct answer is option 3: 1 and 3 only.

Statement 1 is correct. WaterCredit is an initiative that puts microfinance tools to work in the water and sanitation sector. It enables individuals and households to access small loans to meet their water and sanitation needs.

Statement 2 is incorrect. WaterCredit is not a global initiative launched under the aegis of the World Health Organization and the World Bank. It is a program launched by Water.org, an international nonprofit organization that aims to provide access to safe water and sanitation to people around the world.

Statement 3 is correct. WaterCredit aims to enable poor people to meet their water needs without depending on subsidies. By providing access to small loans, WaterCredit empowers individuals to invest in their own water and sanitation solutions, improving their health and economic opportunities.

Therefore, the correct answer is option 3: 1 and 3 only.