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

APEDIA

UPSC Prelims

2021 • 10 Oct, 2021 • Paper-1

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?

Correct Answer

1 and 3 only

Operational Model: WaterCredit uses innovative microfinance tools to facilitate small, affordable loans to individuals who lack access to traditional credit, sp......

💡 Analysis & Explanation

Operational Model ▼

WaterCredit uses innovative microfinance tools to facilitate small, affordable loans to individuals who lack access to traditional credit, specifically directing these funds towards water and sanitation improvements. This makes statement 1 correct.

Organizational Backing ▼

WaterCredit is a signature initiative created by 'Water.org', a global non-profit organization co-founded by Gary White and Matt Damon. It is not an initiative operating under the aegis of the WHO or the World Bank. Therefore, statement 2 is incorrect.

Strategic Goal ▼

The underlying philosophy of the program is to shift away from traditional charity and heavy subsidies, empowering individuals in poverty to proactively solve their own water needs through sustainable financial mechanisms. Thus, statement 3 is correct.

Conclusion ▼

Statements 1 and 3 are factually accurate descriptions of the initiative.

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