What does it mean when the SRS light is on?

SRS stands for Supplemental Restraint System, otherwise known as the Airbag System. Typically this is never related to a drivetrain issue, but there may be a larger problem affecting everything. Best thing do would be call a shop to get it in to be diagnosed! http://repairpal.com/mitsubishi-within-10-miles-of-lancaster-california-93535