diff --git a/components/esp_common/include/esp_idf_version.h b/components/esp_common/include/esp_idf_version.h
index 52601ca8f..7f982413c 100644
--- a/components/esp_common/include/esp_idf_version.h
+++ b/components/esp_common/include/esp_idf_version.h
@@ -21,7 +21,7 @@ extern "C" {
 /** Major version number (X.x.x) */
 #define ESP_IDF_VERSION_MAJOR   4
 /** Minor version number (x.X.x) */
-#define ESP_IDF_VERSION_MINOR   0
+#define ESP_IDF_VERSION_MINOR   1
 /** Patch version number (x.x.X) */
 #define ESP_IDF_VERSION_PATCH   0
 
diff --git a/make/version.mk b/make/version.mk
index 9dcda422a..ce6d88609 100644
--- a/make/version.mk
+++ b/make/version.mk
@@ -1,3 +1,3 @@
 IDF_VERSION_MAJOR := 4
-IDF_VERSION_MINOR := 0
+IDF_VERSION_MINOR := 1
 IDF_VERSION_PATCH := 0
diff --git a/tools/cmake/version.cmake b/tools/cmake/version.cmake
index 265ab33b7..07ce0b582 100644
--- a/tools/cmake/version.cmake
+++ b/tools/cmake/version.cmake
@@ -1,3 +1,3 @@
 set(IDF_VERSION_MAJOR 4)
-set(IDF_VERSION_MINOR 0)
+set(IDF_VERSION_MINOR 1)
 set(IDF_VERSION_PATCH 0)