The memorandum of settlement was signed by chief of the outlawed Achik National Volunteers Council (ANVC) Bilash Marak and the head of the breakaway faction of the ANVC Rimpu Marak with the representatives of the central and state governments.
Union Home Minister Rajnath Singh, Minister of State for Home Kiren Rijiju, Chief Minister of Meghalaya Mukul Sangma and Home Minister of Meghalaya Roshan Warjri were present when the pact was signed.
According to the agreement, both the groups will be disbanded within three months and their cadres will surrender arms and ammunition to the authorities.
Garo language will also be considered as an official language of the state, official sources said.
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The agreement provides for enhanced autonomy for the Garo Hills Autonomous District Council in Meghalaya and also a special package for speedier socio-economic and educational development of the area for which the council had been set up.
Singh said in the years to come, this will change the face of the Garo Hills Autonomous District Council area in all spheres.
The Centre is also expected to offer a rehabilitation package to the surrendered militants.