After a lot of searching, i have gathered a list of 10 Cheap 12 MP Cameras.You should Give this list a look if you are planning to buy a cheap camera.

1) Kodak EasyShare MD41 12.2 MP Digital Camera:
Original Price: $149.99
Price: $89.99 (Discount 40% by Amazon.com)

Product Features
* 12.2-megapixel resolution
* 3x optical zoom
* Smart Capture feature automatically identifies the scene and adjusts camera settings
* 2.7-inch LCD screen
* Capture images to SD/SDHC memory cards (not included)

2) Nikon Coolpix L22 12.1MP Digital Camera:
Price: $106.36

Product Features
* 12.0 megapixels for stunning prints as large as 16 x 20 inches
* 3.6x Zoom-NIKKOR glass lens (37mm to 134mm); bright 3.0-inch LCD
* Easy Auto Mode with Scene Auto Selector; capture 640 x 480 movies with sound at 30fps
* 3-way VR Image Stabilization System
* EXPEED Image Processing; Smart Portrait System

3) Canon PowerShot A1100IS 12.1 MP Digital Camera:
Original Price: $159.99
Price: $139.00 (Discount 13% by Amazon.com)

Product Features
* 12.1-megapixel CCD captures enough detail for photo-quality poster-size prints
* 4x optical zoom and Optical Image Stabilizer; 2.5-inch LCD screen
* DIGIC 4 Image Processor with evolved Face Detection Technology; Face Detection Self-timer
* Uses 2 AA-size batteries
* Compatible with SD/SDHC, MMC/MMC Plus/HC MMC Plus (not included)

4) Nikon Coolpix S570 12MP Digital Camera:
Price: $141.75

Product Features
* 12-megapixel resolution for stunning prints as large as 16 x 20 inches
* 5x wide-angle Zoom-NIKKOR glass lens; 4-way VR image stabilization system
* Bright 2.7-inch high-resolution LCD; Scene Auto Selector and Smart Portrait System
* Slim, stylish, metal design; less than 1-inch thick
* Capture images to SD/SDHC memory cards (not included)

5) Canon PowerShot SD780IS 12.1 MP Digital Camera:
Original Price: $240.99
Price: $169.00 (Discount 30% by Amazon.com)

Product Features
* 12.1-megapixel CCD captures enough detail for photo-quality poster-size prints
* 3x optical zoom lens with Optical Image Stabilizer
* HD movie shooting capability plus HDMI output
* 2.5-inch widescreen PureColor LCD II screen; Face Detection
* Compatible with SD/SDHC, MMC/MMC Plus/HC MMC Plus (not included)

6) Canon PowerShot SD1300IS 12.1 MP Digital Camera:
Original Price: $199.99
Price: $179.00 (Discount 10% by Amazon.com)

Product Features
* 28mm wide-angle lens; 4x optical zoom and Optical Image Stabilizer
* Smart AUTO mode intelligently selects from 18 predefined settings
* 12.1-megapixel resolution allows you to print large size images with clarity and detail
* Clear 2.7-inch PureColor System LCD
* Shoot in Low Light mode for dimly-lit situations

7) Canon PowerShot SD960IS 12.1 MP Digital Camera:
Original Price: $279.00
Price: $196.95 (Discount 29% by Amazon.com)

Product Features
* 12.1-megapixel CCD captures enough detail for photo-quality poster-size prints
* 4x optical zoom; 28mm wide-angle lens
* HD movie shooting capability plus HDMI output
* 2.8-inch widescreen PureColor LCD II screen
* Compatible with SD/SDHC, MMC/MMC Plus/HC MMC Plus (not included)

Samsung 12.2MP Dig Camera:
Original Price: $213.99
Price: $213.99 (Discount 14% by Amazon.com)

Product Features
* Front and Back LCD Screens
* Rear LCD Touch Screen
* 12.2 Megapixel Resolution
* 27mm WIDE Angle lens
* Advanced Dual Image Stabilization (IS)

9) Nikon Coolpix L110 12 MP Digital Camera:
Price:$232.98

Product Features
* 12.1 megapixels for stunning prints as large as 16 x 20 inches
* Incredible 15x wide-angle optical (28-420mm) Zoom-NIKKOR glass lens
* Bright 3.0-inch high-resolution HVGA (460k-dot) Clear Color Display
* HD Movie with HDMI output; 5-way VR Image Stabilization System
* EXPEED Image Processing; Smart Portrait System

10) Nikon Coolpix S4000 12 MP Digital Camera:
Price: $299.99

Product Features
* 12.0 megapixels for stunning prints as large as 16 x 20 inches
* Bright 3.0-inch touch-panel LCD; Sensitive Response Touch Panel; Touch Shutter and Autofocus
* 4x wide-angle Zoom-NIKKOR glass lens
* 720p HD movie recording at 24 fps
* 4-way VR Image Stabilization System; Smart Portrait System
* Includes carrying case and 2 GB SD memory card

(Rates by amazon.com.Rates are subject to change)