Consider the following statements:

Statement-I: According to the United Nations' World Water Development Report, 2022, India extracts more than a quarter of the world's groundwater withdrawal each year.

Statement-II: India needs to extract more than a quarter of the world's groundwater each year to satisfy the drinking water and sanitation needs of almost 18% of world's population living in its territory.

Which one of the following is correct in respect of the above statements?

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?