As the legend goes, it is believed that Bhima of The Mahabharata fame was sent here to call for the services or blessings of the then pujari of the temple, Saint Shyam Pandia, for the Tilak ceremony of Yudhishthira after the Battle of Kurukshetra was won by Pandavas.

A public library is almost in the middle of the Taranagar that also houses a free reading room, that over the decades has helped the growth of local intellect even if the facilities have been meager and maintenance falls short of needs; nonetheless, it has been providing a space for developing minds.

Since last decade or so Taranagar has been emerging as a place counted in its vicinity of its surrounding villages — for providing facilities for children's education, selling their produce, shopping, trade, institutional interaction, etc.

Almost a dozen institutions impart graduate courses including an upcoming veterinary medical college providing the feel of a self-sufficient town.

Apart from these cities, the town is surrounded by a large number of villages (124 )on all sides that are populated by mostly by small to medium-sized land holders, farmers and artisans.

The nearby villages include Dhani- kumharan, Satyu, Rajpura, Lunas, Gajuwas, Chalkoi, Kharatwas, Nethawa, Togawas, Bhaleri, Bhanin, Kalwas, Dabri Chhoti, Dheerwas Bara, Sahwa, Bain, Buchawas, Dadrewa, Jigsana, Nyangli, Hadiyal, Dudhwa Khara, Bhamara etc.

Historically, it was a zamindari that was initially vested in the Vyas family (Pushkarna Brahmins) by the late Raja Shri Joravar Singhji, the then ruler of a princely state of Bikaner.

More prominent of fairs held in the town include Ramdevji Ka Mela, where cattle are sold and the Gaur Magaria, a festival when a procession of Gaurajja is taken out with a lot of fanfare.

A part of Thar desert, it experiences extremities of climate both in summer and in the winter, that are however considered good for build-up of immunities, for general health.

Despite its moderate size, the town boasts of the cosmopolitan nature of its populace that comprises a diversity of castes, creeds, religions and regional inhabitants as also its diaspora spread over the various nooks and corners of different states of the country as also abroad.

One person from the town, Late Sri Ram Krishna Sarawagi (son of a reputed disciple of Mahatma Gandhi late Sri Tulsiram Sarawagi) rose to become a minister in the state of West Bengal in the 1970s.Shree Shivraj Singh Kavia's in laws house is located near Shree Karani ji temple in this city.