We classify finite Morse index solutions of the following Gelfand-Liouville equationfor 1 < s < 2 and s = 2 via a novel monotonicity formula and technical blow-down analysis. We show that the above equation does not admit any finite Morse index solution with (−∆), where Γ is the classical Gamma function. The cases of s = 1 and s = 2 are settled by Dancer and Farina [9, 10] and Dupaigne et al. [12], respectively, using Moser iteration arguments established by Crandall and Rabinowitz [8]. The case of 0 < s < 1 is established by Hyder-Yang in [28] applying arguments provided in [11, 20].