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 the poor people to meet their water needs without depending on subsidies.

Which of the statements given above are correct?

[UPSC Civil Services Exam – 2021 Prelims]

(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Answer: (c)        

Explanation:

  • Water.org is a non-profit organization dedicated to providing access to safe water and sanitation worldwide, with a focus on making it affordable and easily accessible.
  • Their Water Credit program is a unique solution that uses microfinance tools to provide small loans for water and toilet solutions to those who need them.
  • org partners with in-country financial organizations to add water and sanitation loans to their portfolios, which are then financed through capital markets.
  • These loans empower people living in poverty to improve their homes with taps and toilets.
  • As loans are repaid, the funds are reinvested to help even more families gain access to safe water and sanitation.
  • This creates a sustainable pay-it-forward system that continues to help communities in need.
  • It is important to note that Water.org operates independently from the World Health Organization and the World Bank

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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