With reference to Water Credit, consider the following statements:
- It puts microfinance tools to work in the water and sanitation sector.
- It is a global initiative launched under the aegis of the World Health Organization and the World Bank.
- It aims to enable the poor people to meet their water needs without depending on subsidies.
Which of the statements given above are correct?
Detailed Explanation:
Answer: Option 3 — 1 and 3 Only
WaterCredit is an initiative of Water.org that uses microfinance tools to empower individuals to access water and sanitation solutions through small loans, enabling them to meet their needs without depending on subsidies. It is not a WHO or World Bank initiative.
✅ Statement 1 – Correct: WaterCredit applies microfinance principles to the water and sanitation sector, providing small loans to individuals and households for water and sanitation infrastructure.
❌ Statement 2 – Incorrect: WaterCredit is an initiative of Water.org, an international non-profit organization, not a global initiative launched under the aegis of WHO and World Bank.
✅ Statement 3 – Correct: The program aims to empower poor people to access water and sanitation through affordable financing, reducing their dependence on subsidies and enabling sustainable solutions.
Question 9 of 36 Central Schemes
Practice PYQ questions from this topic across all years
With reference to Ayushman Bharat Digital Mission, consider the following statements:...
Atal Innovation Mission is set up under the