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The correct answer is option 3 - Both 1 and 2.
The objective of the agreement for credit of US $24 million from the World Bank for the Uttarakhand Rural Water Supply and Sanitation Project includes two main goals.
Firstly, the objective is to improve the effectiveness of rural water supply and sanitation services through decentralization. This means that efforts will be made to make the provision of water supply and sanitation services more efficient by involving local communities and delegating decision-making powers to the local level.
Secondly, the objective is to restore services of damaged schemes in the disaster-affected areas in the State of Uttarakhand. This means that funds will be used to repair and rehabilitate water supply and sanitation infrastructure that was damaged during a disaster.
Both of these objectives are important for improving access to clean water and proper sanitation facilities in rural areas of Uttarakhand.
Therefore, the correct answer is option 3 - Both 1 and 2.