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The Vikram era, or Vikram samvat is a calendar system (mostly followed in Hinduism and Sikhism from people of Indian Subcontinent, while people from Nepal follows it as their main calendar) starting in 57 BC. The Vikram Samvat calendar starts half a century before the Gregorian calendar and works on an Indian calendar cycle.
The calendar starts in the month of Vaishak, which usually falls in the Gregorian month of February/March and ends in Chaitra which falls in March and April.
The date marks the day when the King Vikramāditya beat the Sakas, who had invaded Ujjain. A new calendar was started to honor this achievement.