A famous folklore says that the great archer Arjuna performed the difficult task of piercing the eye of the fish rotating at the end of a pole by looking at its reflection in the ponds water. After having succeeded, Arjuna married Draupadi in the Swayamwar, which was held around the Kund.

The Panchal region is also known to be the native of Draupadi and thus Tarnetar holds great importance as historically significant place. Ever since then the tradition has been carried on.

Traditionally dressed unmarried men and women adorn themselves with ethnic ornaments and flock at the fair to find a match for themselves.