The Param Vir Chakra is India's highest military decoration, awarded for displaying distinguishing acts of valour during wartime. This is equivalent to the Medal of Honor in the United States and the Victoria Cross in the United Kingdom. Only 21 soldiers have received this award till date.

The Param Yodha Sthal is separate and a unique space for all the jawans who have been awarded the Param Vir Chakra, the highest form of recognition given for military personnel. The August Kranti Maidan is developed as the Param yodha sthal dedicated to the Param vir chakra awardees. The park is designed with the existing trees in position and well laid out pathways. The landscaping accommodates the bronze statues of 21 param veer chakra awardees. 

The Param Vir Chakra translates as the "Wheel of the Ultimate Bravery", and the award is granted for "most conspicuous bravery in the presence of the enemy".