Ringing Bells had announced earlier that the Freedom 251 will be priced at "less than Rs. 500". But we can now confirm that the smartphone will be priced at Rs. 251 (less than $4).
At that price, it's easily the most affordable smartphone in the world.
The website also lists important specifications of the Freedom 251: 4-inch display, 1.3GHz quad-core processor, 1GB RAM, 8GB internal storage (expandable up to 32GB), 3.2-megapixel back camera, 0.3-megapixel front camera, and a 1450mAh battery.