By chanting the holy name, one need not perform any other kind of yajna to free one from indebtedness:

[Lord Caitanya to Sanatana Gosvami]:
"'One who has given up all material duties and taken full shelter at the lotus feet of Mukunda, who gives shelter to all, is not indebted to the demigods, great sages, ordinary living beings, relatives, friends, mankind or even one's forefathers who have passed away.'"

It is said:

adhyapanam brahma−yajnah
pitr−yajnas tu tarpanam
homo daivo balir bhauto
nr−yajno 'tithi−pujanam

"By performing oblations with ghee, the demigods are satisfied. By studying the Vedas, brahma−yajna is performed, and by this the great sages are satisfied. Offering oblations of water before one's forefathers is called pitr−yajna. By offenng tabute, bhuta−yajna is performed. By properly receiving guests, nr−yajna is performed."

There are five yajnas and five kinds of indebtedness−indebtedness to the demigods, great sages, forefathers, living entities and common men. Therefore one has to perform five kinds of yajnas, but when one takes to sankirtana−yajna (the chanting of the Hare Krsna mantra) one doesn't have to perform any other yajna. In Srimad−Bhagavatam, Narada Muni made a statement about the systematic performance of bhagavata−dharma in connection with statements previously made by the nine Yogendras before Maharaja Nimi. The sage Karabhajana Rsi explained the four incarnations of the four yugas, and at the end, in this verse (text 141), he explained the position of Krsna's pure devotee and how he is absolved of all debts.


 In Kali−yuga, sacrifice to the demigods is satisfied by sankirtana−yajna: By worshiping the Supreme Lord, one automatically serves all the demigods because they are parts and parcels of the whole. If one supplies water to the root of a tree, all the parts of the tree, such as the leaves and branches, are automatically satisfied, and if one supplies food to the stomach, all the limbs of the body−the hands, legs, fingers, etc.−are nourished.

Thus by worshiping the Supreme Personality of Godhead one can satisfy all the demigods, but by worshiping all the demigods one does not completely worship the Supreme Lord. Therefore worship of the demigods is irregular, and it is disrespectful to the scriptural injunctions.

In this age of Kali it is practically impossible to perform the deva−yajna, or sacrifices to the demigods. As such, in this age Srimad−Bhagavatam recommends sankirtana−yajna. Yajnaih sankirtana−prayair yajanti hi sumedhasah (Srimad−Bhagavatam 11.5.32). "In this age the intelligent person completes the performances of all kinds of yajnas simply by chanting Hare Krsna, Hare Krsna, Krsna Krsna, Hare Hare/ Hare Rama, Hare Rama, Rama Rama, Hare Hare." Tasmin tuste jagat tustam: "When Lord Visnu is satisfied, all the demigods, who are parts and parcels of the Supreme Lord, are satisfied."

¯Srimad−Bhagavatam 4.2.35

The performance of yajna is a very difficult task because all the demigods must be invited to participate in the yajna. In this Kali−yuga it is not possible to perform such costly sacrifices, nor is it possible to invite the demigods to participate. Therefore in this age it is recommended, yajnaih sankirtana−prayair yajanti hi sumedhasah (Srimad−Bhagavatam 11.5.32). Those who are intelligent should know that in the Kali−yuga there is no possibility of performing the Vedic sacrifices. But unless one pleases the demigods, there will be no regulated seasonal activities or rainfall. Everything is controlled by the demigods. Under the circumstances, in this age, in order to keep the balance of social peace and prosperity, all intelligent men should execute the performance of sankirtana−yajna by chanting the holy names Hare Krsna, Hare Krsna, Krsna Krsna, Hare Hare/ Hare Rama, Hare Rama, Rama Rama, Hare Hare. One should invite people, chant Hare Krsna, and then distribute prasada. This yajna will satisfy all the demigods, and thus there will be peace and prosperity in the world. Another difficulty in performing the Vedic rituals is that if one fails to satisfy even one demigod out of the many hundreds of thousands of demigods, just as Daksa failed to satisfy Lord Siva, there will be disaster. But in this age the performance of sacrifice has been simplified. One can chant Hare Krsna, and by pleasing Krsna one can satisfy all the demigods automatically.

¯Srimad−Bhagavatam 4.6.53

Hare Krishna Hare Krishna Krishna Krishna Hare Hare

Hare Rama Hare Rama Rama Rama Hare Hare