WaterCredit Microfinance Model for Water and Sanitation
Question
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.
Options
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Explanation
Statement 1 is correct as WaterCredit applies small, affordable loans to safe water and sanitation access solutions. Statement 2 is incorrect because it is a global initiative launched by the NGO Water.org (founded by Gary White and Matt Damon), not the WHO or World Bank. Statement 3 is correct because the model shifts empowerment from commercial subsidies to credit-led financial sustainability for the impoverished. > WaterCredit leverages market-based microfinance channels instead of state charity to improve local sanitation infrastructure. Answer: (c).
Question details
Year
2021
Paper
GS Paper 1
Question
Q14
Subject
Environment
Sub-topic
Environmental Law & Institutions
Type
Statement-based
Difficulty
Hard
Nature
Current-affairs-linked
Source hint
Water.org global initiative
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