diff --git a/nemo/package_info.py b/nemo/package_info.py
index 1cd6ef729936..a60316270d57 100644
--- a/nemo/package_info.py
+++ b/nemo/package_info.py
@@ -14,9 +14,9 @@
 
 
 MAJOR = 2
-MINOR = 0
+MINOR = 1
 PATCH = 0
-PRE_RELEASE = 'rc2'
+PRE_RELEASE = 'rc0'
 
 # Use the following formatting: (major, minor, patch, pre-release)
 VERSION = (MAJOR, MINOR, PATCH, PRE_RELEASE)