Hi Ruchi,

Yes, you are eligible to apply. since you are in first year you can take up the test in class 12 or after completing it.

students with a minimum of 10+2 level or studying in the final year(class12) from any recognized state/central board.

you can check the below link for more details about the exam,

https://design.careers360.com/exams/nift-entrance-exam

Hope this helps

Good Luck!!