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The name Varamahalakshmi is a combination of the words 'Varam, 'Maha' and 'Lakshmi'. It can be translated as the great mother Lakshmi who grants boons. As the name suggests, Goddess Lakshmi showers boons on the devotees who observe the Varamahalakshmi pooja wholeheartedly. In this article, we shall discuss the many things that are considered to be sacred on the day of Varamahalakshmi festival. Read on to know more.