Question
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?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer:
C
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Explanation:
Water Credit is an initiative that puts microfinance tools to work in the water and sanitation sector, enabling access to affordable loans for water and sanitation solutions. It aims to empower individuals and communities to meet their water and sanitation needs without relying on subsidies, promoting financial inclusion and sustainable development.
Statement 2 is incorrect. Water Credit is not specifically launched under the aegis of the World Health Organization (WHO) and the World Bank. It is an initiative led by Water.org, a nonprofit organization founded by Gary White and Matt Damon.
Therefore, the correct answer is (c) 1 and 3 only.