Moreover, universities may introduce concept of student entrepreneur in residence wherein outstanding students who wish to pursue entrepreneurship can take a break of one year after the first year to pursue entrepreneurship full time. This may be extended to two years and these two years would not be counted for time for the maximum time for graduation.

Have to do:
Find colleges which provide this option and participate in that college to make them find the problems they want to solve to establish the startup. 2 years is good.
Why wait for 4 years from now?
The students who are already in the college most of them already into same old track of getting job after completion of B.Tech.
Now the new students joining the Engineering are the one’s whose mind will be inclined with these new initiatives by government and have to make entrepreneurship beautiful than just doing a job. This emotional status symbol must be made the taboo of the society :) Just to make people lure to start a startup.