Pajaka Kshetra is the birthplace of a renowned philosopher, Shree Madhavacharya. The place is believed to be highly sacred and has been mentioned in a biographical poem named Sampraday Paddhati written by Shree Hrushikesha, a disciple of Shree Madhavacharya. Several facts and monuments associated with Madhavacharya have been maintained in the kshetra that devotees and tourists can explore.