Kolayat is a sacred spot, which is situated about 50 km from Bikaner
. There is a temple here, which is dedicated to Kapila Muni
. Sage Kapila is said to have done tapasya here for redeeming mankind. It is here, where the fair in the month of Kartik (Oct-Nov) takes place. The Kapil Muni fair is the largest fair held in Bikaner District
. The fair draws many pilgrims. A cattle fair is held in connection with the Kapil Muni Fair.
There is a lake here with 52 ghats and banyan trees around it. The temple dedicated to sage Kapila has a marble statue of the saint enshrined in it.