diff --git a/setup.py b/setup.py
index cd1411ac83..1378be745d 100644
--- a/setup.py
+++ b/setup.py
@@ -15,7 +15,7 @@
 from setuptools import find_packages, setup
 
 
-VERSION = "0.17.0"
+VERSION = "0.17.1.dev0"
 
 extras = {}
 extras["quality"] = [
diff --git a/src/peft/__init__.py b/src/peft/__init__.py
index 06ad6cc102..65f5e51b5c 100644
--- a/src/peft/__init__.py
+++ b/src/peft/__init__.py
@@ -12,7 +12,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.17.0"
+__version__ = "0.17.1.dev0"
 
 from .auto import (
     MODEL_TYPE_TO_PEFT_MODEL_MAPPING,