Labh Pancham is considered to be a highly auspicious day in Gujarat and it formally ends the Diwali celebrations.
Labh Pancham is celebrated on the fifth day of the shukla paksha (bright phase) of the Hindu lunar month Kartik. The day is also known as ‘Laakheni Panchmi’ and ‘Saubhaagya Panchmi’.
‘Labh’ means benefit. People today usually wish for material ‘labh’ such as: a good job, good in-laws, riches and so forth. It is believed that works or activities started on Labh Panchami will go ahead successfully without any obstacles.
Jain community celebrates this day as Gyan Panchami and they worship their books and praying for more knowledge.
On this day Gujarati’s commence business after worshiping Goddess Lakshmi and open their accounts. Those who have not performed Sharda Pujan on Diwali, perform pujan of their new ledgers today and ritually open their shops and businesses.
2016 Labh Pachan Date :
In 2016, Labh Pancham will be celebrated on 5th November 2016.