White label ATMs - GS questions based on daily current affairs

1)   Which of the following statements is/are correct about white label ATMs?

1. Any non-bank entity with a minimum net worth of Rs.100 crore, can apply for white label ATMs.
2. Ministry of finance gives permission to non-bank entities to open such ATMs.

a. Only 1
b. Only 2
c. Both
d. None