Prelims 2021 · Current Affairs · Question 14
With reference to 'Water Credit', consider the following statements:<br/>1. It puts microfinance tools to work in the water and sanitation sector.<br/>2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank.<br/>3. It aims to enable the poor people to meet their water need without depending on subsidies.<br/><br/>Which of the statements given above are correct?
Answer
1 and 3 only
1. Correct. WaterCredit is a program that uses microfinance to help households finance water and sanitation needs.
2. Incorrect. It was pioneered by Water.org; it is not a global initiative launched under the aegis of the WHO and World Bank.
3. Correct. Its purpose is to help poor households meet water and sanitation needs through small loans, reducing dependence on subsidies/charity.
Hence, statements 1 and 3 only are correct.