Lohri is a popular winter Punjabi folk festival, celebrated primarily by Hindus and Sikhs from the Punjab region in the northern part of the Indian subcontinent, celebrated on 13 January of every year. The significance and legends about the Lohri festival are many and these link the festival to the Punjab region.
Though popular belief has it that Lohri is celebrated to mark the end of peak winter, this festival is traditionally associated with the harvest of the rabi crops. The traditional time to harvest sugarcane crops is January, therefore, Lohri is seen by some to be a harvest festival. And thus, Punjabi farmers see the day after Lohri (Maghi) as the financial New Year.
Watch this informative video and understand why we celebrate Lohri;