Freedom 251 - Cheapest Smart Phone

Freedom 251 is India’s First cheapest Mobile Phone.

The price of the phone is just Rs.250 and it supports Android 5.1 (Lollypop). Its rear camera is 3.2MP while the front camera is just 0.3MP.

Having a mobile phone at this low rate seems almost impossible. But India has done it. Now everybody will have an access to smart phones.
How did they make it possible?

Other Specifications goes as follows:
1.3Ghz quad-core processor
Gb RAM (8GB internal and expandable up to 32 GB
Wifi, Blue tooth and GPS

I am fine with these specs and waiting for this phone.

Image: http://www.freedom251.com