A profound picture!
The elephant represents past karma and the snakes in the pond represent future karma..
The branch of the tree represents present life..The white and black rats are day and night which eats the present life... The honey comb in the tree is Maya..
The Lord extends his hand towards the human to release him from the circle.. but the human is so engrossed in drinking the nectar dripping from the honey comb (drowned in Maya) that he fails to see the extended hands of god....