In the scheme launched last month, the prime minister had said that each MP will take responsibility of developing physical and institutional infrastructure in one village from his constituency by 2016 and three villages by 2019.
This will be Modi's first visit to his Lok Sabha constituency since assuming the top post, as part of giving a fillip to its development.
Besides this, the prime minister will also lay a foundation stone for a trade facilitation centre and a crafts museum and will inaugurate a trauma centre at the Banaras Hindu University.
The decision to set up the trade centre and the museum was proposed in the Budget for 2014-15 presented by Finance Minister Arun Jaitley in June.
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"Tight security arrangements would be made for Prime Minister Narendra Modi's two-day visit to Varanasi, starting from November 7," IG (public grievances) Ashok Jain today said.
Earlier, PM Modi's two-day visit to Varanasi on October 14 and 15 was postponed due to cyclone 'Hudhud'.