IISc's 101st batch of students (who will join in August 2011) is also going to be special: it will include the first batch of students admitted into IISc's real undergraduate program.
[Quite a few of the links at the website are empty right now; they'll be filled up in due course.]
IISc's UG program represents a unique experiment in India: it's a four-year program leading to a bachelor's degree -- abbreviated as BS, to distinguish it from BSc -- in mathematics, physics, chemistry, biology, materials and environment.
A couple of excerpts from the FAQ page:
Which are the entry channels to get admitted to the programme?
To save additional burden of an entrance exam on the overtaxed 12th standard students, IISc is planning to exploit the existing highly competitive national level entrance exams such as KVPY, IIT-JEE, AIEEE and AIPMT. Mechanisms by which rural and women candidates are encouraged in a major way to apply for the programme are also being explored. Students desirous of applying to the BS programme must watch out for the above examinations.
How is this programme unique?
The uniqueness of this programme lies in its interdisciplinary approach, strong flavour of engineering, exposure to disciplines in social sciences, and a one year research project. The graduates of this programme will obtain a Bachelor of Science degree in a Specialization. This programme is carefully designed to offer specialization in a Science stream but the knowledge imparted carries a strong flavour of engineering and an exposure to social science disciplines. The students admitted to a stream are encouraged to take courses from other streams, thus maintaining the strong interdisciplinary flavour of this undergraduate programme. One full year of participation in a research project identifies the programme as unique and innovative. This research based interdisciplinary undergraduate programme is well suited to meet the present vocational and post graduate requirements of the ever demanding modern world. The undergraduate programme is embedded in an ambience of a mature and highly sophisticated research culture which has an equally strong base of both science and engineering. This research culture has evolved over the last hundred years, primarily engendered by an exceptionally well endowed faculty, graduate students and post doctoral fellows. The academic environment is open, free, pedagogic and non-hierarchical.