The Cheapest Android phone with 4G which actually performs quite good is Swipe Konnect Grand priced at just rs2799. The specs looks promising at this price. Swipe Connect Grand has 1 GB of Ram and comes with Android v6.0 Marshmallow and supports 4G band. Below is the complete list of specifications.
Display: 5.00-inch
Processor: 1.2GHz quad-core
Front Camera: 2-megapixel
Resolution: 480x854 pixels
RAM: 1GB
OS: Android 6.0
Storage: 8GB
Rear Camera: 5-megapixel
Battery Capacity: 2500mAh
Price: 2799
You can buy this phone from all major online ecommerce portals.
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