Refuting that there has been jobless growth in the economy, Union MSME Minister Kalraj Mishra said that around 1.1 million jobs have been created in the last three years.

He said more than million jobs were created in the last three years under the flagship scheme of the MSME Ministry -- the Prime Minister's Employment Generation Programme (PMEGP).

He stated that the government is making all efforts towards employment generation in the country.

However, he admitted that there were "difficulties initially" and some job losses after demonetisation, adding that the jobs were restored after a few months.

On implications of the rollout of Goods and Services Tax on the MSME sector, the Minister said if there are difficulties, the government will think over them.

The excise duty exemption limit for micro, small and medium enterprises (MSME) is Rs 1.5 crore at present. However, the GST Council has set a threshold limit for the exemption in the rest of India (excluding businesses in the North-eastern and hill states) at an annual turnover of Rs 20 lakh.

Mishra also said the country will soon have a comprehensive policy for micro, small and medium enterprises.

He said the policy will be unveiled shortly after some modifications in the report submitted by the one-member panel of former Cabinet Secretary Prabhat Kumar.