India's government has offered to put three controversial farm laws, that have sparked major protests, on hold for 18 months.
Farmers have been camped at Delhi's borders since 26 November to protest against these laws that will further open up agriculture to the free market.
Farmer groups who are pressing for a complete repeal of the laws say they will consider the offer.
This follows several rounds of failed talks between both sides.
Talking to the media after the meeting, farmer group leaders said the government was ready to form a special panel to review demands for minimum support price (MSP), and the laws.
The farmer groups have repeatedly said that they would settle for nothing less than a repeal of the laws, and the government has ruled out any rollback.
The government has said the reforms will not hurt farmers. But farm groups say the laws threaten decades-old concessions and subsidies they receive, thwart their bargaining power and expose them to the vagaries of the market and big corporate companies.
"We'll hold a meeting tomorrow and take a decision on the proposal," farmer leaders told news agency ANI.