Kejriwal said the force will provide security to women and will have retired army personnel, police and home guards as its members.
Kejriwal said the committee under the chief secretary will make provisions to ensure that rapists are sent to jail within three to six months of the crime.
In his address at the function at the Chatrasal stadium, the chief minister also vowed to take all steps to make Delhi the first "corruption-free" city in the country.
"It is our dream to make Delhi the first corruption free city of India. If good people with honest intentions come together then it is possible to make India corruption free."
Identifying corruption as a major challenge facing his government, he claimed certain steps taken by his administration like setting up of an anti-corruption helpline have helped contain graft to a certain extent.
"While coming here, my car stopped at a traffic signal. Many people surrounded it. Many of them were auto rickshaw drivers and they told me cops have stopped asking for money for the last 15 days. This is not a small thing," he said.
On police, he said, there are many "good people" in the force and for the first time a policeman's family has been given Rs 1 crore for giving up his life in the line of duty.
Kejriwal today handed over a cheque of Rs one crore to the widow of constable Vinod Kumar, who was killed during a raid on suspected liquor mafia in south Delhi's Ghitorni area last month.
"This government will give medals to good officers, appreciate them and give them cash prizes. At the same time, strict action will be taken against those who are not doing their job properly," he said.
