"The Swaraj Parv has been cancelled by the government incessant rain being the reason behind its cancellation," Jain said.
The Swaraj Parv was to begin on August 14, on the eve of Independence Day, with a tribute by Lt. Governor Najeeb Jung to martyrs at Central Park in Connaught Place.
Chief Minister Arvind Kejriwal was also scheduled to address people at 6.30 p.m. on that day.
The festival was to end with a tribute to late former president A.P.J. Abdul Kalam with an evening of Urdu poetry titled "Shaam-e-Kalam".