SINGAPORE — The Labour Movement’s supermarket chain NTUC FairPrice has extended its support scheme to small local suppliers for another year.

NTUC FairPrice CEO Seah Kian Peng announced the extension of its Small and Medium Enterprise (SME) Suppliers Support & Development Programme today (Oct 17).

Local suppliers with an annual turnover of less than S$5 million can qualify for the scheme, which provides a discount on the product listing and processing fees that suppliers have to pay the supermarket.

The scheme was launched in 2009 to help smaller suppliers tide over the financial crisis then.

It ended its run in 2010 but was brought back in 2012.

NTUC FairPrice said in its second run over the past year, the scheme has given 230 small and medium enterprises some S$600,000 in discounts.

In another announcement, FairPrice said it is launching the Made in Singapore Fair as part of its efforts to promote locally-made products.

The fair will feature some 40 local brands, from groceries to food products.

It will run from Oct 17 to the end of the month at the chain’s outlets across Singapore. CHANNEL NEWSASIA Correction: The original article stated that the support scheme was renewed on a yearly basis after its launch in 2009. This is incorrect. It ended in 2010 but was brought back in 2012. This article was edited at 10.40am on Oct 18, 2013