The interaction will start from 3 pm and will continue till 4.45 pm.
Modi will address about 1000 students from the Manekshaw Auditorium here which will be broadcast live by all Doordarshan channels and on radio.
The prime minister would also take questions from some students spread across the country through a video-conference facility.
Live streaming on the web would also be made available to ensure maximum 'audience'.
More From This Section
www.Youtube.Com/user/HRDMinistry, www.Pmindiawebcast.Nic.In and youtube.Com/user/DoordarshanNational, said a government statement today.
HRD Minister Smriti Irani had earlier said the attendance of students to listen to and watch the PM's speech was a "voluntary" exercise, amid a row that listening to his speech was being made mandatory for the children.
Meanwhile, ministry officials held a series of meetings in the run up to the event today and made rounds of Manekshaw Auditorium to oversee arrangements for the programme.
CBSE has requested schools to make arrangements to "assemble" the children so that they may view the prime minister's address.
The Ministry has also asked schools in the states to prepare a student attendance report after the PM's interaction with the students is over.