The participant institutes will be evaluated in January and winners will be announced in February, Mr. Javadekar said.
"UGC and AICTE are formulating guidelines for the competition," he said.
The objective is to make the campuses across the country green and sustainable, he added.
"We think that students should learn all these things through field experience and practical work...all these things (water conservation, etc.) should become a part of our lifestyle," Mr. Javadekar said.
The competition will also be held for schools across the country later, he said.
Speaking to reporters later, Mr. Javadekar said India is firm on its commitment to the Paris climate agreement.
"The Prime Minister has stated that protection of environment is an article of faith for us," he said.
"We feel those who have gone astray on this issue will come back on the right track...we will continue to walk down on the path which is right," he said.
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(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)