Here the two-armed goddess Lakshmi is shown seated on her lotus-seat. The emblems held by her in her hands are a rosary and a pot. The goddess is being lustrated by two elephants flanking her head - her standard iconographic feature.
The goddess Lakshmi, also known by several other names such as Shri, Kamala, etc is one of the earliest female deities of India. She has been adapted also in Buddhism and Jainism. One of her earlier depictions is found in the relief panels of the Buddhist stupa at Sanchi.