When :
5th day of Kartik month (Sud Pancham) as per the Gujarati calendar
The Ritual :
Check for an auspicious time (mahurat) and
sanctify your laptop or work-related book with Kumkum. Worship (light a lamp) Lord Ganesh and Goddess Lakshmi. If you haven’t done Lakshmi Pooja on Diwali, it can be done today.
Background:
The origins of Labh Pancham or Saubhagya Pancham can be traced back to ancient Hindu scriptures and customs that emphasize the importance of auspicious timings (muhurat) for various life events.
While the specific historical references to Labh Pancham may be limited, the festival is deeply rooted in the Hindu tradition of considering certain days more favorable for beginnings and endeavors. Labh pancham is considered a highly auspicious day for initiating new projects, making significant investments, and seeking blessings for success in all endeavours.
Labh Pancham serves as a continuation of this festive spirit of Diwali, focusing on the notion of renewal and the potential for new beginnings. Rituals performed on this day are believed to enhance financial stability and success.
In Gujarat, Labh Panchami marks the first working day of the new year, making it a vital day for businessmen. They initiate new account ledgers known as ‘khatu’, with sacred writings: ‘Shubh’ (auspicious) on the left, ‘Labh’ (benefit) on the right and a ‘Sathiya’ (symbol of good fortune) in the centre. Starting a new business or making a transaction on this day is considered favourable. The day also serves as a platform for networking as entrepreneurs often host gatherings and celebrations.
Jains observe this day as Gyan Pancham, a day of honouring knowledge and holy books. In Jainism, this day is a time for students, scholars and everyone to celebrate Jnana, the divine or transcendent knowledge or wisdom.
The essence:
The essence of Labh Pancham lies in its focus on new beginnings. It is a day when individuals are encouraged to let go of past failures and embrace fresh opportunities. The act of starting new ventures on this day is believed to bring good fortune and positive outcomes.
Participating in rituals and prayers on Labh Pancham is also seen as a means of spiritual cleansing. By performing this ritual, individuals seek to purify their minds and hearts, fostering a positive environment for growth and success. The custom associated with Labh Pancham also fosters a sense of unity and purpose within communities.