diff --git a/pkg/params/version.go b/pkg/params/version.go
index 5ca86724..680d262e 100644
--- a/pkg/params/version.go
+++ b/pkg/params/version.go
@@ -7,7 +7,7 @@ const (
 	stable       = "stable"
 	VersionMajor = 0        // Major version component of the current release
 	VersionMinor = 3        // Minor version component of the current release
-	VersionPatch = 0        // Patch version component of the current release
+	VersionPatch = 1        // Patch version component of the current release
 	VersionMeta  = unstable // Version metadata to append to the version string
 )