Shri Lakshmi Panchami is an auspicious day dedicated to Goddess Lakshmi, the Hindu goddess of wealth and auspiciousness. Lakshmi Panchami is observed on the fifth day during the waxing phase of the moon in Chaitra month – Chaitra Shukla Paksha Panchami. In 2017, the date of Lakshmi Panchami is April 1. It is also known as Shri Panchami and Shri Vrata.
It is believed that the prayers and observances dedicated to Goddess Lakshmi will help in attaining prosperity. People perform special pujas to Goddess Lakshmi on the day. Some business people and traders conduct elaborate pujas on the day.