The meeting also assumes significance as the fourth phase of the ongoing lockdown nears completion by the end of this week.
Shah on Thursday spoke to all chief ministers and sought their views on the extension of nationwide lockdown beyond May 31. Reports said the chief ministers contended that the lockdown should be extended with considerable relaxation in economic activity.
In the last extension of the lockdown in mid-May, the government had allowed some relaxations and leaving further on states to decide what remains shut.
Friday marks the 66th straight day of the ongoing lockdown across the country announced by Modi to contain the spread of the pandemic.
The lockdown, which was announced on March 25, has been extended thrice.