A study was carried out to determine the versatility of different districts of Karnataka state of India for milk and meat production, using secondary data collected from various sources. Factor analysis with principal component extraction was carried out to detect the interrelationship among attributes of livestock production. The component of cow milk was the major factor in the state’s milk production, compared to buffalo milk. In mutton and chevon production, high Eigen value indicated the possibility of improvement of mutton production to larger extent. Totally sixteen districts whose versatility score was less than the mean score were considered as developing districts and they had only least resources to develop cattle husbandry practices. The highest versatile score was garnered by Raichur district, which produces nearly 30 per cent of total egg production of the state. The district-wise potentials for cow and buffalo milk production, mutton and chevon production were worked out based on resources availability in each district and presented.