Here is Question No. 74 a part of our series on UPSC Prelims 2021.
Q74. 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?
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer: (c)
- 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 nonprofit 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
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