Earlier, the investment cap was Rs 10 crore. The State amended the Act after the Central government raised the investment ceiling to Rs 50 crore.
Under this, Amazon intends to help inspire more SMBs to be able to build brand new businesses, Jassy, who will take over as Amazon Inc CEO later this year, said during the second Amazon Smbhav event.
This is part of Facebook's $100 million grant, announced in March, to help small businesses in 30 countries cope with the economic impact of the coronavirus pandemic.
The entrepreneur in Jithu Joseph is guided by the internet, especially YouTube.
A modest entrepreneur from Edayannur near Thalasseri, has developed a manufacturing facility for traditional snacks.