The event is being organised by the All India Radio (AIR) at the National Media Centre.
A recording of Jaitley's speech would be broadcast by AIR on October 31, officials said.
All India Radio has lined up several special programmes for its stations across India as part of birth anniversary celebrations of Sardar Vallabh Bhai Patel from October 25 to 31.
In addition, it will also broadcast versification of various dimensions of Sardar Patel's personality.
AIR's social media platforms will pay tribute to Sardar Patel by hosting excerpts of his archived historical speeches.
The Narendra Modi government has been facing accusations from the Congress of trying to appropriate the legacy of its leaders including Patel.