"The government is confident that the problem of Left-wing extremism will be met with determination and overcome in the next three years," Chidambaram said at the third meeting of the panel on the Maoist problem.
It was agreed to continue with the two-pronged strategy of development and police action.
Prime Minister Manmohan Singh has repeatedly described the Maoist problem as the "gravest" security threat India faces.
According to home ministry data, the Leftist rebels have carried out at least 500 attacks, killing nearly 350 people in nine states in the last three months. Chhattisgarh has recorded the highest number of such strikes, parliament was told on Wednesday.
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