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  • It was set up by the government under a special act,??? said Ahmed.He said the bank is a legal entity, not a government institution.A look into the Grameen's capital base and the government stake in it can clarify the matter.When the bank was established in 1983 with a paid up capital (equity) of Tk 3 crore, the government's share in it was Tk 1.8 crore or 60 percent.
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