With reference to 'WaterCredit', consider the following statements: 1. It puts microfinance tools to work in…
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?
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Solution
WaterCredit puts microfinance tools to work in the water and sanitation sector (Statement 1 correct). It was launched by Water.org, not by WHO and World Bank (Statement 2 incorrect). It aims to enable poor people to meet water needs without subsidies (Statement 3 correct).