The verse you provided is from the Bhagavad Gita and it talks about various qualities and attributes that Lord Krishna embodies. The central message is that Lord Krishna represents both the destructive force of death (मृत्यु) and the generative force of creation (उद्भव), and he embodies qualities such as fame (कीर्ति), wealth (श्री), speech (वाक्), memory (स्मृति), intelligence (मेधा), determination (धृति), and forgiveness (क्षमा).
The intended meaning of this verse is to emphasize the importance of forgiveness (क्षमा) as the greatest quality, especially for women. Forgiveness, or compassion, is a sign of a tender heart and the ability to love others from within. If someone has a sense of compassion, it means purity resides within them. This quality is highly regarded by the divine, as it is a recognition that mistakes can happen to anyone. People tend to be self-centered and often ignore their own mistakes while remembering the faults of others. If we can learn to forgive and extend compassion to others, the world will become a much more beautiful place.