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 poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct?

Options

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Correct Answer

1 and 3 only

Explanation

WaterCredit is an initiative of Water.org that uses microfinance to provide loans for water and sanitation solutions. It is not under WHO or World Bank. Statements 1 and 3 are correct.

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