This report looks at some critical and fundamental aspects so that a sustainable finance pathway can be ushered in Rajasthan. At the outset, the report highlights two seminal messages from Rajasthan�s Climate Action Plan. First, the state needs equal focus on mitigation as well as adaptation measures. This is an important message, particularly in light of the fact that most studies highlighting the financing gap tend to predominantly focus on mitigation. The second important aspect that that the state climate action plan draws the attention towards is the absence of specific action that needs to be taken in order to calibrate state�s growth strategies in accordance with regional vulnerabilities