Labh Panchami is a holy and religious day to chant the matras for healthy, wealthy and prosperous life. Lord Ganesha is prayed to on this day. It is one the most important festivals as per the Gujarati calendar. It is said that it is considered holy and important as people after the diwali festivities and vacation resume their business after a long time. It signifies the opening of new accounts and sheets in the books of accounts. It occurs in the Kartika month on the day of Panchami tithi.
Labh Panchami – Date, History, Significance & Celebration
Many people refer to this day as Saubhagya Panchami, Gyan Panchami or Labha Panchami. The business field of the Gujarati state mostly start their new accounts after their New Year. Therefore, they perform a Puja and pray to God for their yearly well-being of businesses. People perform prayers to Lord Ganesha and Goddess Lakshami. Many people also pray to Lord Kubera. Businessmen write Shubh Labh which means auspicious profit on their first page of new accounts book. They usually cover their books of accounts with red colour.
Labh Panchami Date 2019: November 1
Labh Panchami Date 2020: November 19
Labh Panchami Date 2021: November 9
Devotees in Gujarat believe that this day brings them good luck and well-being in business. They believe that this day brings them wealth, health and good fortune. In the state of Gujarat, Labh Panchami is considered to be the day of starting of new accounts and books of accounts. They refer to their ledgers as Khatu.
Many people perform Sharda Pujan on this day. People open their shops after Diwali break and festivities and start their new accounts by performing prayers for Lord Ganesha and Goddess Lakshami.
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Many words are connected to this day namely Saubhagya which means benefit and goodluck. People worship Lord Ganesha and Goddess Lakshami for the goodluck and well-being of the business and they maintain new accounts for the New Year. The festival of Labh Panchami officially marks the end of Diwali festivities of the year. They start their business’s new accounts and maintain new books of accounts. Many people start their new business or jobs as the day of Labh Panchami is considered to be very auspicious. They consider this day to be shubh for new beginnings. New businesses are set up as people believe that Lord Ganesha and Goddess Lakshami bless them themselves.