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This comes a day after Modi held hectic deliberations with top BJP leaders, triggering speculation about a possible reshuffle of his Council of Ministers.
The July 3 meeting is likely to be held at the newly built convention centre at Pragati Maidan here, which will host the G20 summit in September.
On Wednesday, Modi held marathon meetings with Union Home Minister Amit Shah and BJP president J P Nadda, among others.
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For the past few days, Shah, Nadda and BJP general secretary (organisation) B L Santosh have held several rounds of deliberations on organisational and political issues.
Elections are due in Rajasthan, Chhattisgarh, Madhya Pradesh, Telangana and Mizoram later this year.
The Council of Ministers’ meeting will be held days before the Monsoon Session of Parliament, which is likely to begin in the third week of July.