He was scheduled to address a public rally, inaugurate a power project scheme and open a trauma centre at the Banaras Hindu University during his day-long visit.
Varanasi District Magistrate Pranjal Yadav said the Prime Minister's Office sent a communication that Modi's visit has been cancelled.
The visit was called off as it was felt that the public meeting will not be possible due to the incessant rains that hit Varanasi since last night, sources said in Delhi.
The other reason being cited for cancellation of the visit is the electrocution of a gardener Devnath of West Bengal at the DLW ground early today.
Devnath was electrocuted after a wire broke at the 'pandal' at the ground, Yadav said.
Devnath slipped while doing his work and caught hold of an electric wire which broke and he received an electric shock, Station Officer of Manduadih police station Gopal Prasad Gupta said. He was immediately rushed to hospital but succumbed on the way.
After that experience, BJP had said that this time they had made foolproof arrangements by erecting waterproof pandal at the venue. But clearly it was not enough.
During his visit, Modi was also slated to give a go-ahead to the four-laning of the Varanasi-Babatpur Road and lay the foundation stone of a Ring Road here.
He was to lay the foundation stones for two power sub-stations at Chowk and Kazzakpura and later address a public gathering at DLW Grounds.
On his previous two visits to his Lok Sabha constituency - on November 7-8 and December 25 - Modi had announced a number of projects like trade facilitation centre for weavers, adopted a village "Jayapur" for development under the Sansad Adarsh Gram Yojana, and inaugurated an Inter-University Teachers' Training Centre at BHU.
The Prime Minister also led from the front in cleaning of 'Assi Ghat'.
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