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Labh Panchami 2023: Date, Time, Rituals and Significance

Labh Panchami 2023: Date, Time, Rituals and Significance

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The celebration of the Diwali festival ends on the occasion of Labh Panchami. According to the Hindu calendar, the eve is observed on the fifth day (Panchami) of the Kartik month in the Shukla Paksha. Additionally, the day is known as “Lakheni Panchami,” “Gyan Panchami,” “Saubhagya Panchami,” or “Labh Pancham.”

The most well-known festival in Gujarat is Labh Pancham 2023. Gujarati people worship and pray to Lord Ganesha and Goddess Lakshmi for great wealth and prosperity as part of their festival celebrations. People open their businesses and stores on the eve of Labh Panchami. It is recognised as the first day of the Gujarati New Year in the regions of Gujarat.

Labh Panchami Date 2023

Saturday, 18 November 2023

Labh Panchami Rituals

  • People who missed the Sharda Puja ritual during Diwali perform it on the eve of Labh Panchami (Labh Pancham).
  • On this specific day, everyone in the business community opens their stores and company locations and performs a puja for the new account ledgers.
  • On this day, businesspeople worship and pray to the deities Lakshmi and Ganesha in order to obtain their blessings for the coming year.
  • As a sign of their “sweetened relationships,” family members and friends pay visits to one another’s homes and share greetings, sweets, and gifts.
  • People revere their books for advancing their knowledge and wisdom in some particular cultures.
  • On this auspicious day, people should also offer food, clothing, money, and other necessities to the underprivileged and needy.

Significance of Labh Panchami

Diwali’s festival of lights has a connection to the event of Labh Panchami. The word “Labh” means “benefit,” therefore it makes sense that the day would bring people good fortune and merit.

People in Gujarat believe that by participating in the Labh Panchami puja, they will be blessed with luck, riches, and happiness in both their personal and professional lives. One of the most essential and auspicious days for beginning or developing a new business enterprise is this Hindu festival.