Labh Panchami, also known as Saubhagya Panchami, Gyan Panchami, or Laabh Pancham, is celebrated as the fifth and final day of the Diwali festival, especially in Gujarat, where it holds special significance. This day is considered highly auspicious for beginning new ventures and work. For the business community, it marks the start of the new financial year, with fresh accounting records.
Importance of Labh Panchami
The term Labh means “gain” or “benefit,” making Labh Panchami a day to attract prosperity and success. On this day, people pray to Lord Ganesha and Goddess Lakshmi, seeking blessings for financial growth and stability in their businesses.
When is the auspicious time for Labh Panchami?
In 2024, Labh Panchami falls on Wednesday, November 6. The auspicious time for Labh Panchami Puja is from 6:45 AM to 10:27 AM.
Rituals of Labh Panchami
- Cleaning Homes and Business Premises: The day begins with the cleaning of homes and business places to symbolize a fresh start.
- Preparation of Worship Materials: Flowers, incense sticks, lamps, roli (red powder), rice, sweets, and fruits are gathered for the rituals.
- Worship of Ganesh and Lakshmi: Statues of Lord Ganesha and Goddess Lakshmi are placed on the altar, and prayers are offered. A lamp is lit, and aarti (prayer ritual) is performed to invoke their blessings.
- Accounting Book Puja: For the business community, this is a crucial day as they perform rituals with their new account books to mark the beginning of the financial year with the wish of abundant profits.
- Chanting of Prosperity Mantras: Many people chant specific mantras for wealth and success, such as “Shreem Hreem Kleem Mahalaxmaye Namah” to attract prosperity.
- Family Feast and Offering Prasad: After the puja, families come together for a special meal and share the prasad, enhancing the joy and positive energy of the day.
Traditions of Labh Panchami
- A New Start in Business: Labh Panchami is significant for merchants who conclude the previous year’s accounts and start the new year afresh with hopes for prosperity.
- Special Celebrations in Gujarat: In Gujarat, this day is especially celebrated as it marks the beginning of trade and industrial activities.
- Welcoming Positivity and Prosperity: The day’s rituals aim to bring financial growth, peace, and positive energy into homes and workplaces.
Benefits and Importance of Labh Panchami
Celebrating Labh Panchami is believed to bring economic benefits, business growth, and general prosperity. The day helps attract positive energy and harmony within the family and business environments.
Special Mantra for Labh Panchami
On this day, people often recite the following mantra dedicated to Goddess Lakshmi and Lord Ganesha:
“Om Shreem Hreem Kleem Mahalaxmaye Namah”
This mantra is believed to draw financial success and good fortune.
