diff --git a/setup.py b/setup.py
index fedd8e3..575d265 100644
--- a/setup.py
+++ b/setup.py
@@ -22,7 +22,7 @@ extras["dev"] = extras["quality"] + extras["docs_specific"]
 
 setup(
     name="peft",
-    version="0.1.0.dev0",
+    version="0.2.0.dev0",
     description="Parameter-Efficient Fine-Tuning (PEFT)",
     long_description=open("README.md", "r", encoding="utf-8").read(),
     long_description_content_type="text/markdown",
diff --git a/src/peft/__init__.py b/src/peft/__init__.py
index c35eb32..df42cef 100644
--- a/src/peft/__init__.py
+++ b/src/peft/__init__.py
@@ -17,7 +17,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.1.0.dev0"
+__version__ = "0.2.0.dev0"
 
 from .mapping import MODEL_TYPE_TO_PEFT_MODEL_MAPPING, PEFT_TYPE_TO_CONFIG_MAPPING, get_peft_config, get_peft_model
 from .peft_model import (