Joint Secretary (North East), Ministry of Home Affairs, Shambhu Singh, termed the talks as successful.
"The text has been frozen and it will go through a process of various approvals including the approval of the state cabinet and the union cabinet before the final document is signed by parties concerned," he said.
One of the key demands of the ANVC was for creation of a Garoland Autonomous Council similar to the Bodoland Territorial Council.
While the state government did not agree to this demand, the Centre and state conceded to 13 demands which included expansion of the powers of the district council, Singh said.
Welcoming the peace initiative, Chief Minister Mukul Sangma said people of Garo Hills region have suffered enough from militancy, which has caused immense hardship to them.
"They now look forward to reverting to a period of peace, harmony, growth and development. Let us all work together to grant them this as a New Year gift," the Chief Minister said.
A cabinet meeting, scheduled for Monday, was expected to take a final call on the 'historic' pact with the militant outfit, sources said.
