That's not a lot of money to start a business with, but it surely can be done.
Since you have such a low budget, you will want to get as much for your money as possible. If I was in that situation one thing I might think about is starting a good niche blog and promote some affiliate products or services.
You would first have to figure out what niche/topic you will use for your site. Try to pick something that you know about or really like, that will make it easier when the time to write blog posts.
Next, you have to get a blog going. You can find a good shared hosting plan that will give you a domain name in the purchase price or you can buy them separate.
Once you have your domain name and hosting, then you can install Wordpress on it to build your blog on.
After that, you will need to add content and your blog posts. You will want to try to produce good quality blog posts to help keep the visitors to your site engaged and wanting to read more.
You can add some affiliate advertisements that are related to your topic then go ang get some social media accounts to promote your content.
After that, it takes dedication and determination to keep adding more content and blog posts. It's going to be a journey if you are not familiar as to do everything that is needed to build your blog and market it, but you can ask questions here or do some Google searches to help find information that you need.
A bit of luck and some hard work and you might be able to make some decent money from your blog, then maybe go into other things after you have built up some money.
Hope this helps.
Cheers, Dean