Acharya Prashant explains that Maya is anything that repeatedly attracts or occupies the mind, whether through greed or fear. He clarifies that Maya is not inherently negative; it is simply the object of the mind's focus. Kabir Saheb suggests that there are two types of Maya: one that leads to the Divine (Ram) and another that leads to hell. The speaker emphasizes that if the mind is trained to be attracted only to the Truth, as in the case of Meera Bai's devotion to Shri Krishna, then that attraction becomes a path to liberation. Hell is defined not as a physical place of fire, but as the state of being distant from one's own self and experiencing mental turmoil.