Śrīmad-Bhāgavatam 3.6.8
ఏష హ్యశేషసత్త్వానామాత్మాంశ: పరమాత్మన: ।
ఆద్యోఽవతారో యత్రాసౌ భూతగ్రామో విభావ్యతే ॥ ౮ ॥
eṣa hy aśeṣa-sattvānām
[esha hy ashesha-sattvaanaam]
ātmāṁśaḥ paramātmanaḥ
[aatmaamshah paramaatmanah]
ādyo ’vatāro yatrāsau
[aadyo ’vataaro yatraasau]
bhūta-grāmo vibhāvyate
[bhoota-graamo vibhaavyate]
Word-for-word
eṣaḥ
—
this
hi
—
certainly
aśeṣa
—
unlimited
sattvānām
—
living entities
ātmā
—
Self
aṁśaḥ
—
part
parama-ātmanaḥ
—
of the Supersoul
ādyaḥ
—
the first
avatāraḥ
—
incarnation
yatra
—
whereupon
asau
—
all those
bhūta-grāmaḥ
—
the aggregate creations
vibhāvyate
—
flourish.
Blended reading (Sanskrit + English inline)
eṣa hy aśeṣa-sattvānām
eṣaḥ
this
hi
certainly
aśeṣa
unlimited
sattvānām
living entities
ātmāṁśaḥ paramātmanaḥ
ātmā
Self
aṁśaḥ
part
parama-ātmanaḥ
of the Supersoul
ādyo ’vatāro yatrāsau
ādyaḥ
the first
bhūta-grāmo vibhāvyate
avatāraḥ
incarnation
yatra
whereupon
asau
all those
bhūta-grāmaḥ
the aggregate creations
vibhāvyate
flourish.
The gigantic universal form of the Supreme Lord is the first incarnation and plenary portion of the Supersoul. He is the Self of an unlimited number of living entities, and in Him rests the aggregate creation, which thus flourishes.
Purport
The Supreme Lord expands Himself in two ways, by personal plenary expansions and separated minute expansions. The personal plenary expansions are viṣṇu-tattvas, and the separated expansions are living entities. Since the living entities are very small, they are sometimes described as the marginal energy of the Lord. But the mystic yogīs consider the living entities and the Supersoul, Paramātmā, to be one and the same. It is, however, a minor point of controversy; after all, everything created rests on the gigantic virāṭ or universal form of the Lord.
— A.C. Bhaktivedanta Swami Prabhupāda
Gauḍīya Ācāryas
Viśvanātha Cakravartī Ṭhākura
Gauḍīya
Translation
This form is the soul of unlimited beings. It is the jīva in relation to Paramātmā. It is seen as the original avatāra. Within this form all living beings appear.
For purifying the heart of the worshippers of Paramātmā, this form should first be worshipped. This form is the ātmā of unlimited beings, since the individual ātmās are parts of this form. This form is a jīva (aṁśa) belonging to Paramātmā (since paramātmā enters into it.) This form is the original avatāra, because the yogīs meditate on this form being one with its antaryāmī, Paramātmā. All creatures such as devatās and men (bhūta-gramaḥ) manifest within this form.
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My note
Source: vedabase.io