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?

WaterCredit is an initiative of Water.org, a non-profit organization co-founded by Matt Damon and Gary White, which focuses on solving the global water and sanitation crisis. Statement 1: It puts microfinance tools to work in the water and sanitation sector. WaterCredit applies a market-based approach by providing small, affordable loans (microfinance) to individuals and families in developing countries to finance household water and sanitation solutions, such as installing a tap or toilet. This statement is correct. Statement 2: It is a global initiative launched under the aegis of the World Health Organization and the World Bank. WaterCredit is an initiative of Water.org, which partners with local financial institutions. While WHO and the World Bank are involved in global health and development, WaterCredit is not directly launched under their aegis. This statement is incorrect. Statement 3: It aims to enable the poor people to meet their water needs without depending on subsidies. A core philosophy of WaterCredit is to empower people with financial tools to invest in their own water and sanitation solutions, fostering self-reliance and sustainability. It moves beyond traditional aid models that rely heavily on grants and subsidies. This statement is correct. Therefore, statements 1 and 3 are correct.