Q. With reference to WaterCredit’, 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?
Why this Question) Important initiative, also Government of India schemes like Jal Jeevan Mission in news.
Exp) Option c is correct.
Statement 1 is correct. WaterCredit is a powerful solution and the first to put microfinance tools to work in the water and sanitation sector. WaterCredit helps bring small loans to those who need access to affordable financing and expert resources to make household water and toilet solutions a reality.
Statement 2 is incorrect. Watercredit is an initiative of Water.org. Water.org is a global non-profit organization working to bring water and sanitation to the world.
Statement 3 is correct. It helps people get access to safe water and sanitation through affordable financing, such as small loans.