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 Option: 1 and 3 only

Statement 1 is correct because WaterCredit applies microfinance tools to assist poor households in obtaining affordable financing for access to safe water and sanitation facilities. Statement 2 is incorrect because WaterCredit is an initiative pioneered by Water.org, a global non-profit organization, rather than being launched under the aegis of WHO and World Bank. Statement 3 is correct as it empowers poor individuals to meet their water and sanitation needs sustainably without relying entirely on government subsidies.