Sri Kshetra houses the shrine of Dattatreya. Mythological studies state that Shri Dattatreya attained realisation at the banks of the Bhima River. Shri Narasimha Saraswati is supposed to be Dattatreya's incarnation and is worshipped here. Shri Kshetra is a one of the popular Dattatreya pithas. Shri Narasimha Saraswati Swamy is the incarnation of Dattatreya and the temple is dedicated to this Swamy. The Shree Gurucharitra clearly and beautifully explains the significance of this Kshetra. Shreeguru assured that he would be at Gangapur at twelve noon every day for Bhiksha. As per mythological stories, offering "maadhukari" is considered very important. People still believe that Lord Dattatreya visits five houses daily at twelve noon for Bhiksha. The tradition still holds good here. Shree Dattatreya Maharaja promised the Gangapur villagers that he would reside in Gangapur, take bath at the Bheema - Amaraja Sangam River, and accept Bhiksha and pooja. People from many places come here to take Darshan of his padukas that are referred to as 'Nirguna Padukas'.
Devotees visit this temple to seek fulfillment of the following:-
- For cure from leprosy
- To deliver a healthy child
Daivi Hyesa Gunamayi Mama Maya Duratyaya Mameva Ye Prapadyante Mayametam Taranti Te
Meaning -According to this sloka, the heavenly maya of God is very complicated, but those who worship God will be able to overcome it.
Balam Balavatam Caham Kamaragavivarjitam Dharmaviruddho Bhutesu Kamo'smi Bharatarsabha
Meaning -According to this sloka, God is the isolated and aloof strength of the controlling and virtuous craving in men.
Ye Caiva Sattvika Bhava Rajasastamasasca Ye Matta Everti Tanviddhi Na Tvaham Tesu Temayi
Meaning -According to this sloka, though the only source of satva, rajas and tamas (good, obsessive and dark) elements is God, they are not present within the God or the deity.
Tribhirgunamayairbhavairebhih Sarvamidam Jagat Mohitam Nabhijanati Mamebhyah Paramavyayam
Meaning -According to this sloka, the entire world doesn't recognize the eternal God beyond them, because they are consumed by the elements of satva, rajas and tamas (good, obssessive and dark).