This is a painting of the Goddess of Wealth Lakshmi done in a traditional style called Pata Chitra. This art form originated around the Jagannath Temple of Puri in Orissa.

Lakshmi is a form of Divine Mother invoked to bring blessings of abundance. She stands on a lotus in the middle of the Ocean of Existence. She is venerated by sages in the form of white elephants and her open hand showers blessings.