sa eva jīva-lokasya māyā-mohita-cetasaḥ vidhatse svena vīryeṇa śreyo dharmādi-lakṣaṇam
Synonyms
saḥ—That Transcendence; eva—certainly; jīva-lokasya—of the conditioned living beings; māyā-mohita—captivated by the illusory energy. Chetasah—by the heart; cetasaḥ—execute; vidhatse—by your own; svena—influence; vīryeṇa—ultimate good; śreyaḥ—four principles of liberation; dharmādi—characterised by.
Translation
And yet, although you are beyond the purview of the material energy you do execute the four principles of liberation characterised by religiousity etc. for the ultimate good of the conditioned souls.
Purport
The Personality of Godhead Sri Krishna out of His causeless mercy decends on the menifested world without being influenced by the meterial modes of nature ; because He is eternally beyond the material manifestations. He descends out of His causeless mercy only just to reclain the fallen souls who are captivated by the illusory energy by heart. At heart only they are attacked with the influence of the material energy and as such they want to enjoy her by false pretext although in essence the living entity is unable to enjoy. He is eternally the servitor of the Lord and when he forgets this position at heart only he thinks of enjoying the material world but factually he is in illution. The Lord descends to eradicate this false sense of enjoyment of conditioned soul and thus reclians him again back to Godhead. That is the all merciful nature of the Lord for the fallen souls.