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?

The correct option is 1 and 3 only.

Detailed Explanation:

Statement 1 is correct: WaterCredit is an initiative created by Water.org. It puts microfinance tools to work in the water and sanitation sector by providing small, affordable loans to individuals and families who need access to clean water and safe sanitation facilities.

Statement 2 is incorrect: WaterCredit is a global initiative launched by the global non-profit organization Water.org (co-founded by Gary White and Matt Damon), not under the aegis of the World Health Organization (WHO) or the World Bank.

Statement 3 is correct: The core objective of WaterCredit is to empower poor people to solve their own water and sanitation needs through micro-loans instead of depending on government subsidies or charity handouts.

Therefore, statements 1 and 3 are correct, making 1 and 3 only the correct answer.