As per the eligibility criteria prescribed by National Testing Agency, the candidate appearing for UGC NET must has completed his/her Master's degree or equivalent with at least 50% marks. The candidates those are Ph.D. degree holders and completed their Masters level examination and awaiting the result are eligible are also eligible to apply for the same.
But now you haven't completed your graduation. You are second year of your course which makes you ineligible for the UGC NET. Check out this link for more Information on this http://competition.careers360.com/articles/ugc-net-eligibility-criteria