So at CMU we took a slightly different approach.
We actually strongly encouraged and kinda required that all of our dancers learn the names of most of the basic steps (phumaniya, batika, jhummar, chal, jugni, phataka, bedi, etc.) and props in conjunction with knowing how to do the steps and use the props. At the end of our training "bootcamp" session (before teaching new choreo/formations for the year) there would be a short quiz for groups of people to make sure people are up to speed. We would call out a name of a step and see if everyone could do it. It helps you see who is really interested and also who is a fast learner.
There are three reasons for the philosophy of learning the step names as someone sort of said before. 1) when learning something, whether it be an art (dance) or economics, you need to know the proper vocabulary, if you don't than you look silly. Yes this will take practice and time for sure, it doesn't happen over night. 2) You want your dancers to be able to learn from other teams when you go to competitions. Encourage them to talk and mix with other teams, bhangra steps are always something that comes up. 3) You want to run practices efficiently. You don't want to have to stop practice and do a certain step in your segment to tell the team to figure out where you want them to start in the segment. You should be able to stay start at the phumaniya etc.
This is all within reason, I definitely do not know all of the names of all the steps, and no one is expecting you to. It's just good to have a general idea. Another point someone made was pretty good: come up with something that the team understands. One great example of this on my team is: the chicken step. I'm pretty sure you can all figure out what step that is. It's when you flap your arms like a chicken. You also can just say start at the jumps- you don't expect everyone on your team to know what kanchi charanal is. Again this will all come with time.
What Ram said was spot on. RECRUIT. Your team will only be as good as your future dancers. The time you take to invest in the younger people is what really matters. It will determine whether or not the team will continue competing 5 years down the road. You want to build a culture around recruitment.
The the last part- EXCITEMENT. Keep everyone interested and invested. Do team bonding activities, have fun with everyone. Encourage people to come up with choreography, formations, etc. Have time to just mess around in practice (within reason of course, don't let people go breaking saaps by accident). Half the people on my team didn't drink last year, so we had to find some sober activities (not an easy task). Get the word out about Bhangra on your campus- make t-shirts, hoodies, something that everyone on campus will associate with bhangra.
I'm sure you will do well, your team picked you for a reason. Go out there have some fun and keep everyone's spirits up.